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Mr D Food
Takealot.com (stylised as takealot.com) is a South African e-commerce company based in Cape Town, South Africa. Is regarded as South Africa's largest online retailer,'''' takealot.com has helped grow online shopping in South Africa, and was the first local retailer to take part in Black Friday. As of November 2019, over 2500 third-party businesses use the Takealot Marketplace platform to sell to over 1.8 million takealot.com shoppers. History In October 2010, former MWEB CEO Kim Reid and US-based investment firm Tiger Global Management acquired existing South African ecommerce business Take2, renaming it takealot.com. Takealot.com was officially launched to the public in June 2011. In 2014, takealot.com successfully launched its own on-demand food delivery service after acquiring Mr Delivery (rebranded ''Mr D Food'') and Superbalist.com, a fashion e-tailer. In the same year, takealot.com announced that a merger would take place with Kalahari.com. The merger was successfully c ...
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Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ...
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E-commerce
E-commerce (electronic commerce) is the activity of electronically buying or selling of products on online services or over the Internet. E-commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. E-commerce is in turn driven by the technological advances of the semiconductor industry, and is the largest sector of the electronics industry. Defining e-commerce The term was coined and first employed by Dr. Robert Jacobson, Principal Consultant to the California State Assembly's Utilities & Commerce Committee, in the title and text of California's Electronic Commerce Act, carried by the late Committee Chairwoman Gwen Moore (D-L.A.) and enacted in 1984. E-commerce typically uses the web for at least a part of a transaction's life cycle although it may also use other techno ...
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Retail
Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a profit. Retailers are the final link in the supply chain from producers to consumers. Retail markets and shops have a very ancient history, dating back to antiquity. Some of the earliest retailers were itinerant peddlers. Over the centuries, retail shops were transformed from little more than "rude booths" to the sophisticated shopping malls of the modern era. In the digital age, an increasing number of retailers are seeking to reach broader markets by selling through multiple channels, including both bricks and mortar and online retailing. Digital technologies are also affecting the way that consumers pay for goods and services. Retailing support services may also include the provision ...
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Naspers
Naspers Limited is a South African multinational internet, technology and multimedia holding company headquartered in Cape Town, with interests in online retail, publishing and venture capital investment. Naspers' principal shareholder is its Dutch listed investment subsidiary Prosus, which owns approximately 49% of its parent as part of a cross ownership structure. Founded in 1915 by attorney W. A. Hofmeyr, Naspers was the largest publishing company in South Africa throughout the 20th century with interests across newspapers, magazines and books. In the 1980s the company began to diversify, launching a subscription television service and investing in markets outside of South Africa for the first time. In 2001, Naspers made an early investment in Chinese technology firm Tencent and became increasingly focused on the global consumer internet sector. In 2019, Naspers listed its global internet investment business unit Prosus (including a 31% stake in Tencent) on Euronext Amster ...
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Cape Town
Cape Town ( af, Kaapstad; , xh, iKapa) is one of South Africa's three capital cities, serving as the seat of the Parliament of South Africa. It is the legislative capital of the country, the oldest city in the country, and the second largest (after Johannesburg). Colloquially named the ''Mother City'', it is the largest city of the Western Cape province, and is managed by the City of Cape Town metropolitan municipality. The other two capitals are Pretoria, the executive capital, located in Gauteng, where the Presidency is based, and Bloemfontein, the judicial capital in the Free State, where the Supreme Court of Appeal is located. Cape Town is ranked as a Beta world city by the Globalization and World Cities Research Network. The city is known for its harbour, for its natural setting in the Cape Floristic Region, and for landmarks such as Table Mountain and Cape Point. Cape Town is home to 66% of the Western Cape's population. In 2014, Cape Town was named the best place ...
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South Africa
South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa. It is bounded to the south by of coastline that stretch along the South Atlantic and Indian Oceans; to the north by the neighbouring countries of Namibia, Botswana, and Zimbabwe; and to the east and northeast by Mozambique and Eswatini. It also completely enclaves the country Lesotho. It is the southernmost country on the mainland of the Old World, and the second-most populous country located entirely south of the equator, after Tanzania. South Africa is a biodiversity hotspot, with unique biomes, plant and animal life. With over 60 million people, the country is the world's 24th-most populous nation and covers an area of . South Africa has three capital cities, with the executive, judicial and legislative branches of government based in Pretoria, Bloemfontein, and Cape Town respectively. The largest city is Johannesburg. About 80% of the population are Black South Afri ...
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Mr D Food
Takealot.com (stylised as takealot.com) is a South African e-commerce company based in Cape Town, South Africa. Is regarded as South Africa's largest online retailer,'''' takealot.com has helped grow online shopping in South Africa, and was the first local retailer to take part in Black Friday. As of November 2019, over 2500 third-party businesses use the Takealot Marketplace platform to sell to over 1.8 million takealot.com shoppers. History In October 2010, former MWEB CEO Kim Reid and US-based investment firm Tiger Global Management acquired existing South African ecommerce business Take2, renaming it takealot.com. Takealot.com was officially launched to the public in June 2011. In 2014, takealot.com successfully launched its own on-demand food delivery service after acquiring Mr Delivery (rebranded ''Mr D Food'') and Superbalist.com, a fashion e-tailer. In the same year, takealot.com announced that a merger would take place with Kalahari.com. The merger was successfully c ...
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Superbalist
Takealot.com (stylised as takealot.com) is a South African e-commerce company based in Cape Town, South Africa. Is regarded as South Africa's largest online retailer,'''' takealot.com has helped grow online shopping in South Africa, and was the first local retailer to take part in Black Friday. As of November 2019, over 2500 third-party businesses use the Takealot Marketplace platform to sell to over 1.8 million takealot.com shoppers. History In October 2010, former MWEB CEO Kim Reid and US-based investment firm Tiger Global Management acquired existing South African ecommerce business Take2, renaming it takealot.com. Takealot.com was officially launched to the public in June 2011. In 2014, takealot.com successfully launched its own on-demand food delivery service after acquiring Mr Delivery (rebranded ''Mr D Food'') and Superbalist.com, a fashion e-tailer. In the same year, takealot.com announced that a merger would take place with Kalahari.com. The merger was successfully c ...
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E-commerce
E-commerce (electronic commerce) is the activity of electronically buying or selling of products on online services or over the Internet. E-commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. E-commerce is in turn driven by the technological advances of the semiconductor industry, and is the largest sector of the electronics industry. Defining e-commerce The term was coined and first employed by Dr. Robert Jacobson, Principal Consultant to the California State Assembly's Utilities & Commerce Committee, in the title and text of California's Electronic Commerce Act, carried by the late Committee Chairwoman Gwen Moore (D-L.A.) and enacted in 1984. E-commerce typically uses the web for at least a part of a transaction's life cycle although it may also use other techno ...
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MWEB
Mweb is an Internet Service Provider based in South Africa since 1997. Mweb is a division of Internet Solutions Digital (Pty) Ltd, a subsidiary of Dimension Data, and its headquarters are located in the Mweb Building in Parow, Cape Town. History As one of the first Internet Service Providers in South Africa, Mweb launched dial-up internet in South Africa with the Big Black Box in 1997, which was issued with a copy of tech expert Arthur Goldstuck's Hitchhiker's Guide to the Internet, the bestselling tech book in South Africa at the time. In 2004 it also launched Polka, a low cost ISP. A year later, the South African division of Italian-owned ISP Tiscali was acquired by Mweb. In 2006 its 3G mobile data offerings were launched and the company resold products from two of SA's largest mobile networks. The company was later first to launch Uncapped ADSL in South Africa, in 2010, and brought the global Fon WiFi network to South Africa in 2014. Also in 2014, Mweb launched its first ...
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Tiger Global Management
Tiger Global Management, LLC (often referred to as Tiger Global and formerly known as Tiger Technology) is an American investment firm. It mainly focuses on Internet, software, consumer, and financial technology industries. Background and history Chase Coleman III was a protégé of Julian Robertson and from 1997 to 2000 worked as a technology analyst for the firm, Tiger Management. In 2000, Robertson closed Tiger Management, and entrusted Coleman with over $25 million to manage, making him one of the 30 or more so-called " Tiger Cubs", fund managers who started their fund management careers with Tiger Management. In 2001, Coleman established Tiger Technology (which would be later renamed to Tiger Global Management, LLC), as a hedge fund to invest in the public equity market. In 2003, Scott Shleifer helped Tiger Global expand into investing in the private equity market. From the period of 2007 to 2017, according to the Preqin Venture Report, Tiger Global raised the highest amo ...
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Western Cape
The Western Cape is a province of South Africa, situated on the south-western coast of the country. It is the fourth largest of the nine provinces with an area of , and the third most populous, with an estimated 7 million inhabitants in 2020. About two-thirds of these inhabitants live in the metropolitan area of Cape Town, which is also the provincial capital. The Western Cape was created in 1994 from part of the former Cape Province. The two largest cities are Cape Town and George. Geography The Western Cape Province is roughly L-shaped, extending north and east from the Cape of Good Hope, in the southwestern corner of South Africa. It stretches about northwards along the Atlantic coast and about eastwards along the South African south coast (Southern Indian Ocean). It is bordered on the north by the Northern Cape and on the east by the Eastern Cape. The total land area of the province is , about 10.6% of the country's total. It is roughly the size of England or the S ...
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