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Takealot.com

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Takealot.com
IndustryE-commerce, Retail
Founded2011 (2011)
FounderKim Reid
HeadquartersCape Town, South Africa
Area served
South Africa
Number of employees
2000+
Websitehttps://www.takealot.com/

Takealot.com (styled takealot.com'[1]) is a South African e-commerce company based in Cape Town, South Africa. As the country’s largest online retailer[2][3], 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.[7][8]

As of November 2019, over 2500 third-party businesses use the Takealot Marketplace platform to sell to over 1.8 million takealot.com shoppers.[3]

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.[9] Takealot.com was officially launched to the public in June 2011.[1][9]

In 2014, takealot.com successfully launched its own on-demand food delivery service after acquiring Mr Delivery (rebranded Mr D Food)[10] and Superbalist.com, a curated design and fashion e-tailer.[11]In the same year, takealot.com announced that a merger would take place with Kalahari.com, a Naspers-owned ecommerce company.[12][13][14]The merger was successfully completed in May 2015.[15][16]

During 2017 Naspers increased its investment to 96% after acquiring Tiger Global Management's stake in full.[12] 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.[17]

Delivery Network

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.[18] In January 2013, takealot.com acquired a controlling stake in Mr Delivery.[19][20]

As of 2019, the Takealot contracts over 4 500 delivery drivers and carries out over 1.6 million monthly deliveries.[5][21]

Distribution Centres

Takealot.com currently has distribution centres in the Western Cape, Kwa-Zulu Natal and Gauteng, totalling 75 000 m². Its Johannesburg distribution centre houses almost 4 million products at any time and dispatches on average 10 000 parcels every hour.[5]

Collection Points

In April 2019 takealot.com opened its first series of collection points, branded Takealot Pickup Points.[22][23]An alternative option to delivery, customers are able to collect and return orders any day of the week.[24][25]As of March 2020, over 50 Takealot Pickup Points are available in all 9 South African provinces.[26]The 1 177 m2 flagship Takealot Midrand (N1 Bridge) Pickup Point spans Africa’s busiest highway, and is able to support more than 7 000 collections a day.[27]

References

  1. ^ a b "Takealot". www.takealot.com. Takealot. Retrieved 23 March 2020.{{cite web}}: CS1 maint: url-status (link)
  2. ^ "eCommerce Market South Africa - Data, Trends, Top Stores". ecommercedb.com. Retrieved 2020-03-23.
  3. ^ a b Malinga, Sibahle. "Takealot edges closer to 2m customers". No. 13 November 2019. ITWeb. Retrieved 23 March 2020.
  4. ^ Tsele, Lebogang (2017-10-27). "How Takealot Became SA's Best Online Retailer". SME South Africa. Retrieved 2020-03-23.
  5. ^ a b c Malinga, Sibahle (2019-11-19). "Inside Takealot's upgraded warehouse and distribution centre". ITWeb. Retrieved 2020-03-23.
  6. ^ Writer, Staff. "Food delivery in South Africa is huge: The crazy numbers behind Mr D Food". businesstech.co.za. Retrieved 2020-03-23.
  7. ^ https://www.timeslive.co.za/authors/wendy-knowler. "How 10 cans of shaving cream got Takealot ready for Black Friday". TimesLIVE. Retrieved 2020-03-23. {{cite web}}: External link in |last= (help)
  8. ^ Contributor (2019-11-19). "The Takealot Group Prepares to Ship 'An Order Per Second'". TechFinancials. Retrieved 2020-03-23. {{cite web}}: |last= has generic name (help)
  9. ^ a b Claasen, Larry. "SA's Amazon: The Takealot takeover". Brainstorm Magazine. Retrieved 2020-03-25.
  10. ^ Pazvakavambwa, Regina (2018-08-03). "Mr D Food app hits a million downloads". ITWeb. Retrieved 2020-03-23.
  11. ^ Writer, Staff. "Takealot.com acquires Superbalist". businesstech.co.za. Retrieved 2020-03-23.
  12. ^ a b "Naspers bags all of Takealot - TechCentral". techcentral.co.za. Retrieved 2020-03-23.
  13. ^ Writer, Staff. "How much money the Takealot-Kalahari merger was worth". businesstech.co.za. Retrieved 2020-03-23.
  14. ^ "Naspers to pump R1bn into Takealot - TechCentral". techcentral.co.za. Retrieved 2020-03-25.
  15. ^ "Kalahari ceases to exist with finalisation of Takealot merger". Ventureburn. 2015-05-04. Retrieved 2020-03-23.
  16. ^ Writer, Staff. "Kalahari down for good". Retrieved 2020-03-23.
  17. ^ Writer, Staff (2018-09-11). "Spree, Superbalist merger to create online retail giant". ITWeb. Retrieved 2020-03-23.
  18. ^ "eCommerce site buys Mr Delivery arm to offer same-day deliveries". Ventureburn. 2011-10-05. Retrieved 2020-03-23.
  19. ^ "Takealot takes control of Mr Delivery - TechCentral". techcentral.co.za. Retrieved 2020-03-23.
  20. ^ Hinchcliffe, Adrian (2020-03-17). "Restaurant food straight to your sofa". ITWeb. Retrieved 2020-03-23.
  21. ^ Contributor (2019-11-19). "The Takealot Group Prepares to Ship 'An Order Per Second'". TechFinancials. Retrieved 2020-03-23. {{cite web}}: |last= has generic name (help)
  22. ^ "Takealot launches nationwide Pickup Points, flagship Midrand facility". Engineering News. Retrieved 2020-03-23.
  23. ^ Writer, Staff. "Takealot opens collection points across South Africa". Retrieved 2020-03-23.
  24. ^ "A first look inside Takealot's new flagship Gauteng pick-up point - TechCentral". techcentral.co.za. Retrieved 2020-03-23.
  25. ^ "A first look inside Takealot's new flagship Gauteng pick-up point - TechCentral". techcentral.co.za. Retrieved 2020-03-23.
  26. ^ "Takealot Pickup Points". www.takealot.com. Retrieved 2020-03-23.
  27. ^ "Takealot launches national pickup points". www.techsmart.co.za. Retrieved 2020-03-23.
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