News > African B2B e-comm company Wasoko marked down to $260m

African B2B e-comm company Wasoko marked down to $260m

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%. In its annual report, VNV set Wasoko’s fair value at around $260 million as of December 2023, the month that Wasoko announced its planned merger with its Egyptian counterpart, MaxAB based on VNV’s 4.2% stake in Wasoko, which VNV values at $10.9 million.