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Motsepe paid a whopping R1.7 billion to acquired Rain

South African extremely rich individual and benefactor Patrice Motsepe's association African Rainbow Capital(ARC) paid a bewildering R1.7 Billion to get a 20% stake in the data just association, Rain

Storm was shipped off in 2016 yet Motsepe expected to see a couple of progress in its rudiments and the advantage/setback diagram. When everything straightened out and agreed with ARC's vision, Motsepe denoted that check of a fantastic R1.7 Billion to acquire the 20% stake in Rain during the completion of 2017


In 2019 alone Rain had around 100 000 allies, as of now it's 2020 and the interest for the boundless data pack has overwhelmed through the housetop and with the energies of things, it genuinely seems like Motsepe made the best choice by denoting that check.


While there may be other VCs who in like manner put assets into Rain, they close by Motsepe, chill out at the leader social affairs Rain probably leads. At the point when Rain opens up to the world, it would be genuinely interesting how much that stake will be worth.


Sources


https://www.forbes.com/areas/mfonobongnsehe/2017/08/01/south-african-exceptionally rich individual patrice-motsepe-gets stake-in-flexible association director/amp/


https://ewn.co.za/2018/09/14/listen-patrice-motsepe-s-bend places assets into deluge/amp


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Motsepe Patrice Motsepe South African Storm VCs

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