While a string of local tech start-ups were snapped up in 2021, many were acquired for significantly less than the blockbuster exits of years gone by.
JSE-listed Imperial Logistics announced on Tuesday that it has bought South African e-commerce logistics specialist Parcelninja. Terms of the deal were not disclosed.
Imperial, the JSE-listed logistics group, has partnered with early-stage venture capital firm Newtown Partners to launch a corporate venture capital fund focused on investing its start-ups in the logistics space.
JSE-listed Imperial Holdings has bought mobile technology start-up ForeFront Africa in a bid to enter the mobile telecommunications space. The company will form part of Imperial’s recently launched Resolve brand, whose name will change to Resolve Mobile