OmniRetail founder, Silverback Holdings invest in South African basketball team
- Deepankar Rustagi co-invested in the Cape Town Tigers basketball team.
- Silverback Holdings partially exited its investment in OmniRetail, returning five times the initial investment.
- Silverback's ninth exit validates its long-term investment strategy.
The strategic investments by Silverback Holdings and Rustagi in sports ventures reflect a growing trend among African entrepreneurs to diversify their portfolios and support local talent. This could lead to increased investment in the sports sector, fostering growth and innovation in the industry.
