Nigeria’s online travel company, Wakanow, has closed an investment fund from the Carlyle Group – Carlyle Sub Saharan Africa Fund (CSSAF) – for a new investment round worth $40 million, tied with Andela’s Series C funding as the highest single round by a startup that is not e-commerce. The online travel company focuses on West and East Africa, with major operations in Nigeria and trips all around the world.
Other equity from Carlyle’s Sub-Saharan Africa fund and further financial details were not disclosed. The investor was impressed with Wakanow’s remarkable growth since establishment, disrupting the travel market and taking market share both online and offline.
According the Managing Director, The Carlyle Group, Idris Mohammed, “We believe that this strong growth trajectory will continue as Wakanow benefits from an expanding middle class across the continent in addition to increasing internet penetration and mobile connectivity, which is driving increased online traffic.”
The investment complements Carlyle’s involvement in the online travel sector, where it has financed companies like China’s C-trip, the Latin American travel, CVC Brasil, and Vasco Turismo in Peru.
Wakanow CEO Obinna Ekezie added that, “Carlyle’s global footprint and scale, as well as its extensive experience and network in the online travel sector, will help us to further develop our offerings and broaden our customer base.”
The platform functions as an online travel company. It delivers travel services in the areas of flights and other deals, accommodation, Visa assistance, holiday and vacation packages, and airport transportation. The company has operations in Nigeria, Ghana, Kenya, UAE, and the UK.
As an Amazon Associate, TechCity may earn a small commission if you shop these products.
Etekcity Food Scale, Digital Kitchen Scale, 304 Stainless Steel, Weight in Grams and Ounces for Baking, Cooking, and Meal Prep, LCD Display, Medium
$13.99 (as of April 18, 2024 06:59 GMT +01:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
2 Pack Foil Curtain Backdrop Silver Metallic Tinsel Foil Fringe Curtains Photo Booth Props for Birthday Wedding Engagement Baby Shower Bachelorette Christmas Holiday Celebration Party Decorations
$5.99 (as of April 18, 2024 06:59 GMT +01:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Play-Doh Modeling Compound 10-Pack Case of Colors, Non-Toxic, Assorted, 2 oz. Cans, Multicolor, Ages 2 and Up (Amazon Exclusive)
$7.99 (as of April 18, 2024 06:59 GMT +01:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
INIU Portable Charger, Slimmest 10000mAh 5V/3A Power Bank, USB C in&Out High-Speed Charging Battery Pack, External Phone Powerbank Compatible with iPhone 15 14 13 12 X Samsung S22 S21 Google iPad etc
$17.99 (as of April 18, 2024 06:59 GMT +01:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Amazon Echo Pop | Compact smart speaker with Alexa | premium Alexa features available for purchase | Charcoal
$22.99 (as of April 18, 2024 06:59 GMT +01:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
SightPro Magnetic Privacy Screen for MacBook Pro 13 Inch (2016, 2017, 2018, 2019, 2020, 2021, 2022, M1, M2) Removable Laptop Privacy Filter Shield and Anti-Glare Protector
$29.99 (as of April 18, 2024 07:22 GMT +01:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Charger for HP Laptop Computer 65W 45W Smart Blue Tip Power Adapter
$9.90 (as of April 18, 2024 07:22 GMT +01:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Amazon Fire 7 tablet, 7” display, read and watch, under $60 with 10-hour battery life, (2022 release), 16 GB, Black
$59.99 (as of April 18, 2024 07:22 GMT +01:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Anker 553 USB-C Hub, 8-in-1 USB C Dock, Dual 4K HDMI USB C to USB Adapter, 1 Gbps Ethernet USB Hub, 100W Power Delivery, SD Card Reader for MacBook Pro, XPS and More
$44.99 (as of April 18, 2024 07:22 GMT +01:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
