Technology firm, Little has announced plans to sell up to 25% of its stake in three years, seeking to raise capital and scale up expansion. The sale is likely to raise over KSh2 billion from investors.
According to Little CEO Kamal Budhabhatti, the funds will help raise the company’s market share in the retail segment, retain top tech talent, while growing across the region.
The sale will see investors join the company, in which Craft Silicon holds a stake of just under 15% with other shareholders being some key employees.
Mr Budhabhatti said the company is looking towards investor funds available including Silicon Valley in the US, African–based funds, funds from India, China and Middle East.
After Kenya, the firm expanded into Uganda, Tanzania, Zambia and Ethiopia and has recently launched in Ghana and Senegal.