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South African e-commerce platform Takealot has announced the 100 per cent acquisition of online design retailer Superbalist.com.
Superbalist is a curated, design and apparel-centered online retailer, focused on the millennial generation, and was founded in 2010.
HumanIPO reported in May Takealot received US$100 million in funding from Tiger Global Management, to be used for further expansion in South Africa.
Takealot founder Kim Reid said: “We are super excited about the acquisition. The millennial generation is deemed to be the most powerful and relevant market on the planet and we have managed to… (READ MORE HERE)
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