Three reasons why Uber acquisition of SA grown orderTalk is so big a deal
Summary
Uber’s food delivery business Uber Eats has acquired tech company orderTalk , which was once headquartered as a startup in Cape Town, South Africa.While orderTalk initially expanded its technical capabilities in Cape Town, the main client base started growing aggressively in the US and UK.Knife Capital said in a statement issued yesterday that the business has shown “consistent and phenomenal” growth over the past 10 years — having increased revenue by 60 times since the VC investment, and growing from five employees to 27.Commented Patrick Eldon, CEO of orderTalk, in the same statement: “Raising capital by way of the investment made by HBD provided enormous value, not only in tangible but also intangible terms.Commented Vuyisa Qabaka, co-founder of SA equity crowdfunding platform Uprise.Africa: “This is a story that needs to be told and celebrated… key roleplayers: Keet van Zyl, Mark Shuttleworth and (business coach — Ed) Julia Fourie”.