#27: Takealot - How the South African online retailer became one of the largest e-commerce platforms in Africa

Afrobility: Africa Tech and Business

Innhold levert av Olumide Ogunsanwo and Bankole Makanju, Olumide Ogunsanwo, and Bankole Makanju. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Olumide Ogunsanwo and Bankole Makanju, Olumide Ogunsanwo, and Bankole Makanju eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.

3+ y ago 1:20:50

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Overview: Today, we’re going to talk about Takealot - the largest ecommerce platform in South Africa & one of the largest across Africa. We'll start by giving some context of e-commerce in South Africa, discuss Takealot's early history, Naspers' 2018 acquisition of Takealot, analyze Takealot business strategy & end with our overall outlook. This episode was recorded on April 18, 2021.

Companies discussed: Takealot, Take2, Naspers, Tiger Global, Jumia, Kalahari.net, BidorBuy, Kilimall, Amazon, Konga, Alibaba, Everyshop (JD Group), Pick n Pay, Woolworths, Massmart, Spar & MIH Africa

Business concepts discussed: Developing markets e-commerce, Pan-African expansion strategy & ecommerce marketplaces

Conversation highlights:

(01:20) - E-commerce and Takealot intro
(04:50) - South Africa Retail & e-commerce context
(15:30) - Takealot founding story: Take2, Tiger Global & Kim Reid
(21:30) - Acquisition of Superbalist, Mr Delivery; Tiger Global investment
(28:25) - Naspers takeover of Takealot from Tiger Global
(33:46) - Takealot today: Product and monetization, business units, key metrics
(45:10) - Competion: local, international & non-traditional
(54:55) - Bankole’s overall thoughts and outlook
(1:04:07) - Olumide’s overall thoughts and outlook
(1:14:40) - Recommendation and small wins

Olumide’s recommendations & small wins:

Recommendation: Super forecasting (by Phil Tetlock): Article & Book
Recommendation: Profit first (Mike Michalowicz)
Small win: Dinner with friends in Old Havana in Miami. Fun conversations
Other content: Notts County jersey vs Juventus jersey (story)

Bankole’s recommendations & small wins:

Recommendations: Leaving The Tarmac & Bring Back our Girls
Small win: Vaxxed, booked and busy!
Other content: Fantasy M&A: Takealot should get its head in the game & The New Futuristic Takealot Pick-up Point - YouTube

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