Browsing: Tiger Global

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Nigeria’s iRoko raises millions for expansion

African mobile and Internet television pioneer iRoko on Monday announced it has concluded multiple deals worth a combined US$19m (about R312m) to secure new content and raise additional funding. The Lagos, Nigeria-headquartered

Duncan McLeod
E-commerce foes click with merger deal

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

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Kalahari, Takealot to merge

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

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Takealot snaps up e-retailer Superbalist

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

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Willem van Biljon joins Takealot as co-CEO

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

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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

In-depth
Mobile music blooms in Africa

The largest of the current online platforms, both on mobile and PC, is iRoking – part of iRoko Partners, which also runs a Nollywood film platform in parallel. It received investment from US private equity fund Tiger Global and has been expanding its reach and recently opened a South African office