Dineo Faku dineo.faku@inl.co.za MASSMART is in the process of acquiring OneCart, an on-demand grocery delivery platform that enables customers to shop from multiple stores in a “single cart”, in a bid to bolster its e-commerce strategy.
Massmart, which owns Game, Makro and Builders Warehouse retail outlets, said yesterday that negotiations were at an advanced stage, and it hoped to wind up discussions in the coming weeks, pending finalisation of a few key matters.
“In keeping with the company’s strategy to invest in and accelerate its e-commerce presence, this potential acquisition will allow the company to further expand its capabilities in the fast-growing on-demand delivery segment, while continuing to support the independent retailer marketplace model of OneCart,” said the group.
OneCart, which was founded by Lynton Peters and his partner Ariel…