Tutuka.com, formerly coupons.co.za, has entered into an investment agreement with local venture capital firm, TribeOne Capital, in which the site will sell a minority stake of its interests in return for an undisclosed "significant" investment.
According to founder and CEO of Tutuka.com, Rowan Brewer, the site has declined several offers from other companies ranging from minority to majority stakes, but says this latest development is the right stake at the right time.
Brewer would not elaborate on the value of the "significant investment" or the stake purchased.
Future plans for Tutuka.com includes a more aggressive marketing of its services, skilling-up with strong in-house development and establishing itself both locally and internationally.
Brewer says the company has undertaken careful research and will adopt a phased approach to international expansion.
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