Monday July 6, 2020

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.

1st February, 2015

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 decision. Now we’re looking after...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures

Tom Maguire | 2 months ago

What’s coming up today and what you might have missed

Hannah O’Brien | 6 months ago