Browsing: Tiger Global Management

Duncan McLeod
E-commerce foes click with merger deal

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

Kalahari, Takealot to merge

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

Takealot snaps up e-retailer Superbalist

Online retailer has acquired 100% of the equity of, 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

SA e-commerce on cusp of boom?

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

Willem van Biljon joins Takealot as co-CEO

Well-known technology industry entrepreneur Willem van Biljon has joined, 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

In R1bn deal, Takealot seeks e-dominance

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

Take2 rebrands, shoots for R1bn in sales

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