South Africa: Takealot raises USD 100 million from Tiger Global Management

Monday 26 May 2014 10:36 CET | News

Takealot, a South African ecommerce platform, has secured an estimated USD 100 million fund from the hedge fund company, Tiger Global Management, reports.

Takealot, which owns food delivery service, Mr Delivery, plans to use the capital to grow into the rest of sub-Saharan Africa. CEO Kim Reid informs that in the near future, the company aims at extending operations into the entire African continent, the source cites.

In recent news, cloud-based ecommerce company,, has raised USD 1.5 million in funding round, reports.

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Keywords: South Africa, Takealot, Tiger Global Management, ecommerce, online sales, investment, hedge fund
Categories: Payments & Commerce
Countries: World
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