Cape Town-based Silvertree Internet Holdings, the parent of price comparison website PriceCheck, has acquired a similar business in Nigeria, TopCheck, for an undisclosed sum. The move, Silvertree said, creates Africa’s largest online
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Silvertree Capital, the investment arm of Cape Town-based Silvertree Internet Holdings (SIH), plans to invest US$10m (about R170m) in consumer-focused Internet start-ups in 2016, it said on Tuesday. The company, whose business-to-consumer e-commerce investments include
Summit Partners announced on Tuesday that is investing €20m (R224m) in the German parent company of online fashion retailer Zando. Much of the cash will reportedly flow to the South African arm of the company. Last month, the European company secured an investment from JP Morgan
SA’s largest online fashion retailer, Zando, has secured an investment from JP Morgan Asset Management. The investment will be made through Zando’s German holding company and will see the US investment firm take a stake worth more than US$10m, though the exact figure has not been disclosed. The company