Wantitall.co.za, one of South Africa’s largest online retailers with over 14-million products available online, has invested in online design retailer Citymob.co.za.
The investment brings Citymob improved systems, logistics, warehousing facilities, increased access to customers, strong supplier relationships and improved staffing.
“We’re excited about this new partnership. It will allow us to upscale quickly and ensure a world-class logistics offering. Citymob was looking for partners that could bring the required expertise and help us grow, and we believe we’ve found the perfect fit with Wantitall,” comments Luke Jedeikin, co-founder of Citymob.
Citymob entered the e-commerce design space in July 2012. At that time the average number of products sold daily via the site was 80 and the Citymob database contained about 50 000 members. Now Citymob sells 10 times as many products daily, reaching an extensive database of over 300 000 individuals.
”Our growth in recent months has been truly exceptional,” says Jedeiken.
“The group has seen significant month-on-month turnover growth since its re-launch into curated, ‘design’ products, leaving the group buying space. To meet the increased product demand, Citymob grew its staff complement from 14 people in July 2012 to 35 in February 2013, including warehouse staff.”
“We’ve been working on a highly automated warehouse system over the past few years and more recently, have been seeking a partner with whom we could share this with. After meeting and evaluating numerous opportunities, we have found a partner with massive growth prospects and a shared vision whom we are delighted to include within our existing warehouse infrastructure,” says Justin Drennan, founder of Wantitall.