Takealot acquires 60 percent of Mr D
Takealot announced today (28 January 2013) that it has acquired a 60% stake in Mr D (formerly known as Mr Delivery).
Mr D has a national infrastructure of branches and drivers delivering 7 days a week until 9pm, allowing for scheduled deliveries to customers.
Mr D is currently transitioning from a food delivery business into a Business to Consumer (B2C) distribution business specialising in last mile deliveries to the consumer market.
“We are very happy with the level of service provided to us by Mr D over the course of the last year, so happy in fact that we have decided to invest further and secure a meaningful stake in the business” said CEO of Takealot, Kim Reid.
“We specialize in providing Business to Consumer deliveries while allowing the customer to select their preferred time of day to have their goods delivered” said Mr D Managing Director, David Chait.
“Takealot will help us scale our technology appropriately and assist in developing the tools and services required to take the business to a new level, we are very excited about this development.”
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