Big companies are splashing unprecedented amounts of cash into e-retail in South Africa, with the likes of online merchandiser Takealot.com recently raising R1bn of investment for expansion in the country and sub-Saharan Africa, and Naspers ploughing R5,6bn into e-commerce around the globe
Browsing: Kalahari.com
Takealot made headlines last month when it secured about R1bn in funding from shareholder Tiger Global Management, an international investment firm. CEO Kim Reid told TechCentral when the deal was announced that Takealot is on an aggressive growth path in an effort to tap into what he called
US$100m, or over R1bn. That’s the amount South African e-commerce site Takealot has raised from Tiger Global Management, an international investment company, according to a report on US website TechCrunch. Takealot CEO Kim Reid CEO says Tiger Global has been a shareholder in Takealot since its inception
Kalahari.com, the e-retailer in the Naspers stable, is introducing a 7-inch Android tablet to complement its number-one selling product, the Gobii e-reader. The Gobii 7″ WiFi Touch Tablet is a 7-inch colour LCD e-reader that plays music and movies. It’s a Wi-Fi-only tablet that doubles as an e-reader