Allianz X Invests in Ridesharing Startup SafeBoda
Allianz X, the digital investment unit of Allianz Group, announced an investment in Uganda-based SafeBoda , an African ridesharing platform that also offers various on-demand consumer and payment services.
For the Series B investment, Allianz X is co-investing with Go-Ventures, a venture fund whose cornerstone investor is GO-JEK. Allianz and GO-JEK are already partners in GO-JEK’s home market of Indonesia. “Our investment in SafeBoda underlines our continued commitment to growth markets. We are excited to participate in the development of ride hailing ecosystems in Africa. SafeBoda has successfully established itself in the ride hailing market in Uganda and we look forward to supporting the company’s expansion into additional countries and services.” – Corporate Development Director at Allianz X, Oliver Ullrich.