African B2B e-commerce giant Wasoko marked down to $260M after VC halves stake

This post is by Tage Kene-Okafor from TechCrunch

VNV Global, a Swedish investment firm that backs startups in mobility, health and marketplaces, slashed the value of its holding in Wasoko, an African B2B e-commerce startup, by 48%, according to its annual report for 2023.  In its annual report, VNV set Wasoko’s fair value at around $260 million as of December 2023, the month that […] © 2024 TechCrunch. All rights reserved. For personal use only.