Irish serial entrepreneur winds up Dubai venture
Serial entrepreneur Paul Kenny, who sold his last business for €30 million, is shutting his latest venture due to funding issues.
The Dubai-based holiday deals website Safarna was founded 15 months ago, backed by New York hedge fund Tiger Global Management.
It aimed to tap into a $50 billion Middle East travel market and be the leading travel agency in the region, initially growing at a rate of 10 per cent a month.
“We had to make the announcement last week,” Kenny said in a call from Dubai last Friday. “It wasn’t an easy ...
