10 things you should know about Takealot

TAkealot was founded by Kim Reid. 10 things you should know aboutTakealot.

1. Takealot.com is a South African e-commerce company based in Cape Town, South Africa.
2. As the country’s largest online retailer, takealot.com has helped grow online shopping in South Africa[4][5][6], and was the first local retailer to take part in Black Friday.
3. As of November 2019, over 2500 third-party businesses use the Takealot Marketplace platform to sell to over 1.8 million takealot.com shoppers.
4. Takealot.com was officially launched to the public in June 2011.
5. In 2014, takealot.com successfully launched its own on-demand food delivery service after acquiring Mr Delivery and Superbalist.com, a curated design and fashion e-tailer.
6. In October 2018, Superbalist.com and Spree (also part of the Naspers portfolio) merged businesses under the Superbalist.com brand, with Takealot group owning 49% of the new business and retaining management control.
7. In June 2011, takealot.com purchased a 40% minority stake in Mr Delivery, a multi-restaurant delivery service, as the company sought to build out its own in-house logistics expertise under the Takealot Delivery Team division.
8. In January 2013, takealot.com acquired a controlling stake in Mr Delivery.
9. As of 2019, the Takealot contracts over 4 500 delivery drivers and carries out over 1.6 million monthly deliveries
10. 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.