BAFinTech · SPV by VentureSouq Investments (VSQ · UAE · direct investment · first invested Jul 2020
Baraka
ActiveInvested$50.0kat cost · 2 tickets
Current mark$96.2kworkbook · 8 Sep 2025
MOIC8.33xon paper
Ownership0.1%implied by the workbook mark
Next round—none recorded
IRR249.4%workbook, per ticket dates
Thesis vs. reality · what we underwrote at entry, measured against now
What must be trueEach claim is what the company said would be true, checked against the filed accounts and later updates. A claim with no second source stays on watch.
Entry memo on fileInvestment Memo - Baraka.docx · Mar 2022. Its claims have not been extracted, so nothing is tracked against it yet. Not tracked
Latest founder update
No founder update for Baraka is in the data room.
Watch & flags
What to keep an eye on
ClearNo open data issues for this holding.
Our position
PositionIncubayt's tickets and marks come from the IRR workbook; the legal entity from the company's cap table or registers.
InstrumentsSPV by VentureSouq Investments (VSQ $25.0k (Jul 2020) · SPV by VentureSouq Investments (VSQ $25.0k (Jul 2021)
Company valuation$100.00mm · workbook
BoardNot recorded
Legal entityNot recorded