The deal will enable Naspers to become the majority shareholder in the company.
Launched in June 2011 by CEO Kim Reid, takealot.com is an eCommerce retailer operating in South Africa via:
– takealot.com, a South African general etailer,
– Superbalist.com, a fashion etailer,
– Mr D Food, a South African restaurant food delivery service, and
– Mr D Courier, a provider of point to point courier services.
This deal follows earlier investment from both Tiger Global and Naspers in 2015.