Following the sale of Vydia, the portfolio company of his venture capital fund, Zagadat Capital, for a staggering $1 billion, Nigerian singer and business mogul, Oluwatosin Ajibade, popularly known as Mr Eazi has set a new record for the largest deal in the history of Afrobeats and it marks a significant milestone for the music industry in Africa.
According to Naijaloaded, Mr Eazi has been a leading figure in the growth and global recognition of Afrobeats, which has become increasingly popular worldwide over the past decade. Mr Eazi, who is also the owner of the music distribution platform emPawa, has been an active investor in the African technology ecosystem through his venture capital fund, Zagadat Capital.
READ: READ: Africa: Nigerian afrobeat artiste Davido set to earn over $20 million in 2023 – Forbes
The sale of Vydia is a significant win for Mr Eazi and his team, as it showcases their ability to identify and invest in high-growth companies in the music and entertainment space.
READ: News: Popular Nigerian Singer Mr Eazi calls for help after been robbed in Accra, Ghana
In a statement, Larry Jackson, the owner of Gamma, praised Vydia for epitomising the vision of Gamma as an ideas company. He added that the acquisition of Vydia will allow Gamma to expand its offerings and provide a more comprehensive suite of services to artists and creators worldwide. The question on many people’s minds is whether Mr Eazi is now the richest artist in Africa.
