Leading wholesaler Makro, part of JSE-listed company Massmart, today announced that it has acquired a majority stake in startup courier and delivery service WumDrop.
WumDrop co-founder Simon Hartley (pictured above) told Ventureburn in a phone call today that he could not discuss the details of the deal (including the date the deal was signed) — as doing so might affect the share trading price of Massmart.
“It was more money than I thought we could get. It was an indication of how serious Makro is,” said Hartley.
In an earlier press release, WumDrop claims the acquisition will improve the online shopping experience of Makro customers […]
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