Beltone Venture Capital, Citadel International Exit Bosta With 75% IRR

(MENAFN- Daily News Egypt) Beltone Venture Capital and UAE-based Citadel International Holdings have announced the successful exit of their joint investment in logistics startup Bosta, achieving an internal rate of return (IRR) of 75%.

The transaction represents the fifth successful exit for Beltone Venture Capital since its launch in 2023 and the second exit completed through its joint fund with Citadel International Holdings, underscoring the growing momentum behind the fund's regional investment strategy.

Ali Mokhtar, CEO and Managing Partner of Beltone Venture Capital, said the successful exit reflects the strength of the partnership between the two firms and the effectiveness of their investment strategy.

“This successful exit demonstrates the strength of our joint fund with Citadel International Holdings and the impact of aligned capital and strategy,” Mokhtar said.“Delivering a 75% IRR reinforces our disciplined investment approach and our commitment to enabling and empowering growth across the region.”

The deal also highlights rising investor confidence in Egypt's startup ecosystem, particularly in technology-driven sectors benefiting from rapid digital transformation.

For his part, Fadi Dahlan, Founder of Citadel International Holdings, said Egypt continues to offer strong opportunities for venture capital investments, supported by favourable market fundamentals and a growing pool of entrepreneurial talent.

“We see Egypt as a high-potential market for startup investment, driven by strong fundamentals and entrepreneurial talent,” Dahlan said.“At Citadel International, we remain committed to investing in the Egyptian ecosystem. This exit reinforces our conviction in its ability to deliver sustainable growth and strong returns.”

Bosta, one of Egypt's leading logistics and delivery technology startups, has established itself as a key player in the region's e-commerce and supply chain sector, benefiting from rising demand for digital logistics and fulfilment solutions.

The latest exit reflects broader investor appetite for high-growth startups across Egypt and the Middle East, as regional venture capital firms increasingly focus on scalable, technology-enabled businesses capable of generating strong returns.

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