Naspers pumped another R716 million into Takealot.com during August 2015 as part of a funding round at the online shop , the company reported in its latest interim results.<\/p>\n
The group now has a 42.2% interest in Takealot on a fully diluted basis.<\/p>\n
News of Takealot\u2019s new funding round first emerged in September<\/strong><\/a>. While the purpose of the funding is not clear, there is some speculation that it may be used to build a large online marketplace.<\/p>\n Takelot was asked about the additional funding at the time, but co-CEO Kim Reid said that \u201cit is not Takealot\u2019s policy to comment on market speculation\u201d.<\/p>\n In its annual report for the year ended 31 March 2015, Naspers reported that it acquired a 46.5% interest in Takealot in exchange for the contribution of its e-commerce business, Kalahari.com, and the issue of 612,977 Naspers N ordinary shares.<\/p>\n \u201cThe aggregate purchase consideration in the transaction amounted to R1.2 billion and the acquisition gave rise to a deemed disposal gain of R154 million,\u201d Naspers said.<\/p>\n Takealot and Kalahari originally announced the merger of their operations in October last year, after Takealot.com raised $100 million from its major shareholder, New York Based, Tiger Global Management in April of 2014.<\/p>\n Kalahari closed it\u2019s doors in April of this year (2015).<\/p>\n How much money the Takealot-Kalahari merger was worth<\/a><\/strong><\/p>\n Naspers hikes dividend payout by 11%<\/strong><\/a><\/p>\n Kalahari.com shuts its doors<\/a><\/strong><\/p>\n Kalahari.com and Takealot.com in merger deal<\/a><\/strong><\/p>\nMore on Naspers and Takealot<\/h3>\n