Today's Big Stories

Small Swedish start-up Travelstart relocated to Africa, now cut $40m global deal

Cape Town-based online travel agency Travelstart has welcomed a $40 million (R648m) investment from MTN and global tech investors Amadeus Capital Partners.

The investment will be used to accelerate the company’s growth into new markets and further entrench its dominance on the continent as an online travel booking portal.

Travelstart CEO Stephan Ekbergh on Thursday said the local business has grown exponentially, with at least 200 staff and an estimated R3 billion in sales.

Listen to the full conversation from CapeTalk's Breakfast with Kieno Kammies:

We've been boot-strapped since we started, I have basically put all the capital I have into this business.

Stephan Ekbergh, CEO of Travelstart

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