Online retailer Takealot.com has "secured a meaningful stake" in food delivery company, Mr D, which used to be known as Mr Delivery, for an undisclosed amount.
Mr D has been transitioning from a pure food delivery business into a fully-fledged business-to-consumer distribution company specialising in last mile deliveries to the consumer market. Over the past year, it has rebranded and established itself in online deliveries through providing a delivery solution to Takealot.com, notes a statement.
"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," says Takealot CEO Kim Reid.
The investment from Takealot.com will enable Mr D to "fully realise its vision of becoming the best in business-to-consumer last mile delivery while providing a level of service unmatched in the industry," notes the statement.
"Takelot.com 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," says Mr D MD David Chait.
Mr D currently undertakes 85 000 to 100 000 deliveries per month across 49 franchises with 800 drivers nationally, operating seven days a week until 9pm at night. Takealot's offerings include more than nine million products across 14 categories.
Share