{"id":700981,"date":"2026-05-11T00:00:00","date_gmt":"2026-05-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=700981"},"modified":"2026-05-11T03:05:12","modified_gmt":"2026-05-11T03:05:12","slug":"beltone-vc-and-citadel-exit-bosta-at-75-irr","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/05\/11\/beltone-vc-and-citadel-exit-bosta-at-75-irr\/","title":{"rendered":"Beltone VC and Citadel exit Bosta at 75% IRR"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Beltone<\/strong><strong> VC and Citadel have <\/strong><strong>offloaded Bosta stakes<\/strong><strong> at 75% IRR \u2014 just as the logistics player <\/strong><strong>eyes the EGX.<\/strong> Beltone Venture Capital and UAE-based Citadel International Holdings exited their stake in Egyptian last-mile logistics player Bosta, netting a 75% internal rate of return, Beltone <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/493.pdf\" style=\"\">said (pdf)<\/a>. The buyer and valuation were not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters: <\/strong>A 75% IRR is a real number in a climate where the devaluation has eaten through a lot of returns over the past three years. It also comes at a useful moment for Beltone VC, which has now booked five exits since its 2023 launch and two from its joint fund with Citadel.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next:<\/strong> Bosta is <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/02\/02\/bosta-may-soon-be-delivering-itself-to-the-egx\/\" style=\"\">reportedly preparing for a USD 170 mn IPO<\/a> on the EGX later this year. It\u2019s worth watching to see if the unnamed buyer is positioning ahead of that listing or whether this is a clean pre-IPO secondary.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Belton has booked five exits since its 2023 launch<\/p>\n","protected":false},"author":1,"featured_media":700982,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7363],"tags":[72,9068,7128],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-700981","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch","tag-enterpriseam","tag-ma","tag-ma-watch","wpautop","entry"],"acf":{"mongo_id":"22ba77a7-5985-43df-a057-1fa468536468","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/5\/497.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Bosta's last mile with Beltone","related_issue":[700973],"teaser":"Belton has booked five exits since its 2023 launch"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Beltone VC and Citadel exit Bosta at 75% IRR - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/05\/11\/beltone-vc-and-citadel-exit-bosta-at-75-irr\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Beltone VC and Citadel exit Bosta at 75% IRR\" \/>\n<meta property=\"og:description\" content=\"Belton has booked five exits since its 2023 launch\" \/>\n<meta property=\"og:url\" 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Beltone signed the stake over to an unnamed group of investors in April and expected the regulatory approvals to be\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":563913,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/28\/bosta-plans-to-land-in-saudi-arabia-by-early-next-year\/","url_meta":{"origin":700981,"position":4},"title":"Bosta plans to land in Saudi Arabia by early next year","author":"enterpriseam admin","date":"28 July 2021","format":false,"excerpt":"Egyptian courier startup Bosta plans to enter the Saudi market by early 2022, as part of the company\u2019s plans to expand its presence in the Gulf region, co-founder and COO Omar Yaghmour told Al Mal. The company is also eyeing the UAE and Kuwait Yaghmour said. Bosta seems to have\u2026","rel":"","context":"In &quot;Startup watch&quot;","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/7\/281.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":606007,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/10\/beltone-venture-capital-acquires-20-of-home-decor-brand-ariika\/","url_meta":{"origin":700981,"position":5},"title":"Beltone Venture Capital acquires 20% of home decor brand Ariika","author":"enterpriseam admin","date":"10 September 2023","format":false,"excerpt":"Ariika will use the EGP 31 mn in fresh capital to expand in Saudi Arabia and increase export volumes","rel":"","context":"In &quot;Startup watch&quot;","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/663.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/700981","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=700981"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/700981\/revisions"}],"predecessor-version":[{"id":701028,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/700981\/revisions\/701028"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/700973"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/700982"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=700981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=700981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=700981"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=700981"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=700981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}