Online retailer Takealot.com has bought a 60 percent stake in South African Mr D, previously known as the food delivery service Mr Delivery.
Transition is underway at Mr D as it seeks to transform from a food delivery business into a Business to Consumer (B2C) distribution company which will eventually specialise in “last mile” deliveries to consumers.
Kim Reid, Chief Executive of Takealot.com, said: “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.”
David Chait, Mr D Managing Director, said: “We specialise in providing Business to Consumer deliveries while allowing the customer to select their preferred time of day to have their goods delivered.
“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.”