News

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, cp-africa.com 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, uAfrica.com, has raised USD 1.5 million in funding round, itwebafrica.com reports.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: South Africa, Takealot, Tiger Global Management, ecommerce, online sales, investment, hedge fund
Categories: Payments & Commerce
Companies:
Countries: World
This article is part of category

Payments & Commerce






Industry Events