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All posts tagged "Takealot"

  • Naspers reveals the true numbers behind Takealot, Kalahari merger

    In a recent Naspers Provisional report, the company has revealed its true stake in Takealot.com. Kalahari.com and Takealot.com completed their merger earlier this year, but the exact numbers behind the relationship weren't disclosed. Many however believed that Takealot had benefited most from the deal. This merger was first announced in October 2014, but got the go ahead from the Competition Commission of South Africa in January. During the February 2015 merger, Naspers acquired 46.5% interest in Takealot.com (Takealot Online). The purchase equates to a R1.2-billion acquisition. Instead of handing over cash, Takealot received 612 977 worth of Naspers N ordinary shares. The...

  • Raru director Waine Smith weighs in on South Africa’s ecommerce industry

    Since its launch last year, Raru has become a go-to name in the South African ecommerce market. Headed up by ex-founders of Take2, they have put their knowledge to use and grown the new store into one of the largest in South Africa. On Thursday, Ventureburn sat down with the director of Raru, Waine Smith. We spoke about Raru’s growth and success, his take (excuse the take puns) on the Takealot & Kalahari merger, and where the South African ecommerce industry in heading towards. Ventureburn: How much has Raru grown since its launch last year and has it met your expectations? Waine Smith: It’s...

  • Kalahari ceases to exist with finalisation of Takealot merger

    Visit kalahari.com right now and for the first time since 1998 (that's 17 years for the slower ones) you won't find yourself on South Africa's oldest online shopping site. Instead you'll be redirected to the four-year-old and growing Takealot. First announced in October last year, the merge between the country's two biggest online shops has finally taken form. And it's not the Takahari we had hoped for. Scrapping the Kalahari brand and operating under the Takealot name going forward, the online shop is now one step closer to becoming "the most customer centric online destination in Africa". "From the outset of the...

  • Is the Kalahari, Takealot merger really in everyone’s best interests?

    Early on Tuesday news emerged that two of South Africa’s ecommerce giants, Takealot and Kalahari, would be joining forces. But just how good is the deal for ecommerce in South Africa. Until now, the Tiger Global-backed Takealot and Naspers-owned Kalahari have probably been the fiercest rivals in the South African retail ecommerce space. Speak to people who buy online regularly and they’ll give you myriad reasons for choosing one over the other, ranging from delivery times to customer service and even the respective corniness of their advertising. That competition has helped drive innovation in the space, to the point where...

  • South Africa’s two most favourite etailers Kalahari and Takealot merge

    Two of South Africa's most successful ecommerce stores, Takealot and Naspers-owned Kalahari, have just announced its merger of operations. This move is said to bring customers the benefit of a wider selection of products and categories, as well as broader delivery services. According to the media release, the merger was driven by the fact that, without scale, local ecommerce stores simply can’t compete successfully against the local brick and mortar retailers, as well as foreign companies such as Amazon and Alibaba. Online retail only is said to account for approximately 1.3% of the total market for consumer goods in South Africa. The...

  • ex-Takealot founders launch tech ecommerce site Raru

    A new online shop called Raru has joined South Africa's ecommerce scene. Currently in beta, the site is the brainchild of three of the founders of the ecommerce site now known as Takealot, which specialises in consumer tech like video games, music and computers. Raru's directors are Neil Smith, Waine Smith and Jose Pereira. The trio were all partners at Take 2 -- an ecommerce shop founded in 2002, which later relaunched as Takealot. The three have been involved in the online retail space for more than 15 years, and hope that this experience will give Raru the edge in a...

  • Takealot appoints Willem van Biljon new CTO and co-CEO

    Things are getting very interesting at Takealot. Since announcing its US$100-million investment from Tiger Global and its mission to improve it technology Takealot seems to be putting its new dollars hard at work with the appointment of Willem van Biljon new CTO and co-CEO of the company. One of Africa's kickass entrepreneur, Van Biljon co-founded Mosaic Software, the creators of the Postilion payment system, and was one of the leaders that built Amazon’s EC2 cloud service and Nimbula. Van Biljon has since exited both companies to major players such as Amazon and Oracle, respectively. "We are thrilled to have...

  • Takealot’s Kim Reid talks new millions, expansion and the future of ecommerce

    News of popular ecommerce site Takealot's US$100-million investment round has set South Africa's tech scene abuzz. Late last week we reported that the site secured a staggering US$100-million from its long time investor, Tiger Global Management. Founded in the 2002 as Take2, the site was later relaunched as Takealot in 2010 by Tiger Global Management and CEO Kim Reid. Takealot offers an extensive range of locally supplied and imported books, DVDs, music, games, electronics and toys with delivery to your doorstep. In 2012, Takealot acquired a majority stake in delivery company Mr Delivery to launch its same-day delivery service in major...

  • eCommerce site buys Mr Delivery arm to offer same-day deliveries

    TAKEALOT, a South African online retail store and Mr Delivery Express, a subsidiary company of Mr Delivery Holdings are teaming up to give “speedier and more efficient service through the eventual introduction of same-day delivery for any item held in stock.” Simply put, same-day delivery for online shoppers. A 40% stake in Mr Delivery Express has been cemented by TAKEALOT and is said to be “a first of its kind in the South...

  • 5 Cool African eCommerce websites

    There was a time when Africa's eCommerce platforms were so few in number as to be negligible. The ever increasing penetration of bandwidth onto the continent has seen that change. Africa now supports a number of viable eCommerce sites, each looking to take hold of a growing market. Here are five of the best: 1. Kalahari Naspers owned Kalahari.com is the market leader in South African eCommerce. Established in 1999, kalahari.com is South Africa's largest online retailer of millions of books, eBooks, eReaders, music, DVDs, games, cameras & electronics. A pioneer in the South African eCommerce industry, the...