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African online travel agent secures $40M investment

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African online travel agent secures $40M investment

Travelstart was founded in Sweden in 1999 by its CEO Stephan Ekbergh. Operating in Africa from its Cape Town headquarters since 2006, Mr Ekbergh has built Travelstart into the market leader in South Africa, with over 75% market share.

Amadeus, the global technology investor has invested $40m investment in Travelstart in partnership with MTN, Africa’s leading mobile and digital life services operator.

Travelstart is the leading online travel agency in Africa, and has built a market leadership position in South Africa, Nigeria, Egypt, Kenya and parts of the Middle East.

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