An eCommerce startup recognized as Africa's fastest-growing company by the Financial Times.
From Idea to Exit: African Founders Who Sold Their Startups (And How They Did It)
Between 2012 and 2022, 190 acquisitions occurred in Africa's tech ecosystem. Fintech led funding in 2024, securing over $1 billion.
Silverbacks’ OmniRetail Exit Showcases Africa’s Startup Strength and Investment Upside
Silverbacks Holdings recorded its ninth successful exit through a partial sale of its stake in OmniRetail. The deal delivered a fivefold return on the original investment, reinforcing Silverbacks' performance in Africa's startup scene.
Condia Insider: 5x returns for this VC firm
Silverbacks Holdings partially sold its stake in OmniRetail for a 5x return after the startup's $20M Series A raise. OmniRetail's revenue skyrocketed from $280,000 in 2020 to over $120 million in 2023.
Condia Insider: 5x returns for this VC firm
Silverbacks Holdings partially sold its stake in OmniRetail for a 5x return, following the startup's $20M Series A raise. OmniRetail's revenue skyrocketed from $280,000 in 2020 to over $120 million in 2023.
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.
