Browsing: Tiger Global Management

Amazon.com is in talks to acquire Dubai-based online retailer Souq.com for about $1bn (R14,2bn) in a deal that will give the e-commerce giant a footprint in the high-growth Middle East market, according

Safaricom, the Kenyan mobile phone company that runs a money transfer service almost the size of the East African nation’s economy, invested in a courier service business in an effort to stimulate e-commerce and gain a foothold in growing

Here they are, TechCentral’s South African Newsmakers of 2014. These are the individuals, in ascending order from five to one, who we believe were the most newsworthy in the technology and telecommunications space this year, for good reasons and bad. Also, check out our International Newsmakers

Two of South Africa’s biggest online retailers, Takealot.com and Kalahari.com, surprised just about everyone this week when they announced plans to merge their operations. The proposed deal is surprising because, until now

Two of South Africa’s largest online retailers – and longstanding adversaries – have agreed to merge. Kalahari.com, owned by JSE-listed media and e-commerce group Naspers, will be folded into Takealot.com, the e-retailer that recently secured US$100m from investment firm

Online retailer Takealot.com has acquired 100% of the equity of Superbalist.com, a design and apparel online retailer founded four years ago. The deal comes just three months after Takealot announced that it had raised more than R1bn from Tiger Global Management, an international investment

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

Well-known technology industry entrepreneur Willem van Biljon has joined Takealot.com, the e-commerce website that recently announced it had secured about R1bn in new funding, as co-CEO and chief technology officer. Van Biljon co-founded Mosaic Software, the company

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

Just seven months after being acquired by international hedge fund company Tiger Global Management, Cape Town-based e-retailer Take2 has changed its name to Takealot and is talking up a plan to generate R1bn in annual sales within five years. CEO Kim Reid