Khwarizmi Ventures Partially Exits Bosta at Nearly 3x

In Short

• Khwarizmi Ventures says it has made a partial exit from Bosta.
• The firm says the deal delivered a nearly 3x net multiple on its total Bosta investment.
• It is Khwarizmi Ventures’ sixth reported exit.

What Happened

Khwarizmi Ventures announced on August 15, 2026 that it has completed a partial exit from Bosta. The venture capital firm said the exit produced a net multiple of nearly 3x on its total investment.

A partial exit means an investor sells some, but not all, of its shares in a company. It can happen during a later funding round or a secondary sale, where existing shares change hands.

Khwarizmi Ventures said it invested in Bosta three times, starting from the company’s Series A round, then continuing to support later rounds, including leading one of the subsequent fundraises. The firm also described Bosta as having grown from an early-stage startup into a market-leading company.

The firm said this exit brings its total number of successful exits to six. It listed prior exits as Tamara, POSRocket, Fatura, Melltoo, and Qawafel, alongside the new Bosta exit.

Khwarizmi Ventures also noted that Bosta has returned capital to investors in its first fund on two occasions. The firm said those distributions happened in less than five years after the fund launched.

Why It Matters

Exits are how venture capital funds return cash to their investors. In Africa and the Middle East, exits are still less frequent than fundraising announcements, so even partial exits can be an important signal for market liquidity.

A nearly 3x net multiple suggests the fund made close to three times its invested capital after costs and fees. For founders and operators, this can make follow-on funding easier, since it shows that later-stage investors are willing to buy existing shares.

For the logistics and last-mile delivery sector, the update reinforces that scale businesses can produce real outcomes for early backers, not just paper valuations.