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.
The executives behind Wantitall and Parcelninja have launched a “global sourcing” e-commerce website promising half a million branded goods to South Africans at cheaper prices than available through other retailers.
Promoted | Business owners no longer have to worry about a website, warehouse logistics or product delivery to run a successful e-commerce operation in South Africa.
Promoted | Parcelninja processed 20 000 products over the Black Friday period without any problems or delays.
Parcelninja CEO Justin Drennan expects a 500% spike in sales on Black Friday, which requires improved operational systems to cope with the higher load.
Although online retail counts for less than 1% of South Africa’s total retail revenue, local e-commerce players are betting on a rapidly maturing market that is moving online with increasing confidence. According to a recent survey released by advisory firm PwC, the
Parcelninja, the Johannesburg-based start-up launched to take charge of the storage and distribution needs of e-commerce companies in South Africa, has announced it has raised R20m in funding from UK-based C5 Holdings
A Johannesburg start-up has been launched to take charge of the storage and distribution needs of e-commerce companies in South Africa. ParcelNinja was formed when online shopping website Wantitall decided to take charge of its logistics infrastructure to improve its own service and delivery