The group said its e-commerce revenue climbed 11% to $2.929 billion.<\/p>\n
In April, Naspers announced a R960-million cash injection<\/a> into\u00a0Takealot.com, making it the majority shareholder of the e-commerce company.<\/p>\n It followed a R716 million investment into Takealot.com in 2015 which boasts a stable of businesses including Superbalist.com; Mr D Food, South Africa\u2019s largest restaurant food delivery service; and Mr D Courier, its point-to-point courier service.<\/p>\n In a conference call to analysts earlier this week, Naspers CFO, Basil Sgourdos said: “The Takealot investments should enable Takealot to move towards profitability. We expect Takealot to accelerate revenue growth and we’ll also see improvement in new unit economics and profitability in the years to come.”<\/p>\n Takealot CEO Kim Reid told MyBroadband<\/a> in May 2017 that the R960 million would take the company to a number that will get it to cash flow break-even and beyond.<\/p>\n Naspers CEO, Bob van Dijk meanwhile told analysts that he expects the online food delivery sector “to grow very substantially” in the group’s core focused markets.<\/p>\n He highlighted the group’s successful investment in iFood in Brazil and Mexico.<\/p>\n In May, Naspers announced that it led an $80 million Series E investment in Swiggy, an online food ordering and delivery platform in India, while the\u00a0Naspers-backed food ordering service, Delivery Hero<\/a>, is preparing to list on the Frankfurt stock exchange in the next few months to fund its expansion.<\/p>\n![\"\"](\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/06\/Takealot.png\")
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