Takealot Online (Pty) Ltd is a Cape Town, South Africa–based eCommerce company launched in June 2011 by CEO Kim Reid. Its operations include takealot.com (a general etailer), Superbalist.com (a fashion etailer), Mr D Food (restaurant food delivery) and Mr D Courier (point-to-point courier services). The company’s core product is online retail supported by logistics and delivery services across South Africa. In April 2017 Takealot received a R960m (approx. $69m) investment from Naspers. The deal enabled Naspers to become Takealot’s majority shareholder. The article notes earlier investment activity involving Tiger Global and Naspers in 2015. Takealot is an online retailer offering DVDs, games, music, books and lifestyle categories such as home and kitchen, baby and toddler, health and beauty, and sports. The company launched in 2011 after Tiger Global Management and CEO Kim Reid acquired an existing e-commerce business called Take2. Takealot operates warehouses in Cape Town and Johannesburg and has taken over fulfillment logistics by purchasing a controlling interest in Mr. Delivery. The business plans to use new funding to expand further in South Africa and across sub‑Saharan Africa. The article highlights Africa's low e-commerce penetration—online transactions are roughly 1% of retail—framing a large growth opportunity Takealot aims to capture. The company received a $100M investment from Tiger Global to support that expansion.

Total raised

$172M

Funding rounds

2

Latest round

Equity

Latest activity

Apr 2017