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Little cab sells stake of around 10 percent for $3million

Kamal Budhabhatti, the CEO of Little, a cab company

Kenyan taxi-hailing firm, Little, which has a partnership with telecoms operator Safaricom , has sold just under 10 percent of its shares to an unnamed Indian investor for $3 million (Sh300m), it said on Monday.

Kamal Budhabhatti, the CEO of the firm which was founded in 2016 and offers 12,000 rides a day in peak times, told Reuters the investment was unplanned and that Little would still raise another $100 million (Sh10b) for pan-African expansion.

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