{"id":58589,"date":"2014-05-23T20:00:22","date_gmt":"2014-05-23T18:00:22","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=58589"},"modified":"2014-05-23T20:00:43","modified_gmt":"2014-05-23T18:00:43","slug":"takealot-raises-100-million-in-funding","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/58589\/takealot-raises-100-million-in-funding\/","title":{"rendered":"Takealot raises $100 million in funding"},"content":{"rendered":"<p style=\"color: #263034;\">Takealot, one of South Africa\u2019s largest eCommerce websites, has raised $100 million (just over R1 billion) from its major shareholder Tiger Global Management.<\/p>\n<p style=\"color: #263034;\">Tiger Global is a United States based investment firm which manages hedge funds and private equity funds.<\/p>\n<p style=\"color: #263034;\">Takealot, which was born after the\u00a0<a style=\"color: #0066cb;\" title=\"Take2 becomes Takealot\" href=\"http:\/\/mybroadband.co.za\/news\/business\/26469-take2-to-become-takealot.html\"><strong>acquisition and rebranding of Take2<\/strong><\/a>, was officially launched on 15 June 2011.<\/p>\n<p style=\"color: #263034;\">In January 2013 Takealot acquired a controlling stake in Mr Delivery, and rebranded the company to Mr D.<\/p>\n<p style=\"color: #263034;\">It is understood that the funds will be used to strengthen Takealot\u2019s South African presence, and grow its presence in Sub-Saharan Africa.<\/p>\n<h3 style=\"font-weight: bold; color: #263034;\">More on Takealot<\/h3>\n<p style=\"color: #263034;\"><a style=\"color: #0066cb;\" title=\"Takealot launches daily deals section\" href=\"http:\/\/mybroadband.co.za\/news\/business\/77886-takealot-launches-daily-deals-section.html\"><strong>Takealot launches daily deals section<\/strong><\/a><\/p>\n<p style=\"color: #263034;\"><a style=\"color: #0066cb;\" title=\"Takealot loses import service\" href=\"http:\/\/mybroadband.co.za\/news\/internet\/60457-takealot-loses-import-service.html\"><strong>Takealot loses import service<\/strong><\/a><\/p>\n<p style=\"color: #263034;\"><a style=\"color: #0066cb;\" title=\"Takealot appoints new CTO\" href=\"http:\/\/businesstech.co.za\/news\/internet\/21955\/takealot-appoints-new-cto\/\"><strong>Takealot appoints new CTO<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>eCommerce website Takealot has raised $100 million from Tiger Global Management, which will be used to strengthen its position in SA and expand the business<\/p>\n","protected":false},"author":2,"featured_media":22730,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[26,3314,4534],"class_list":["post-58589","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-headline","tag-takealot","tag-tiger-global-management"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/58589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=58589"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/58589\/revisions"}],"predecessor-version":[{"id":58593,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/58589\/revisions\/58593"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/22730"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=58589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=58589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=58589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}