600 000 CUSTOMERS
17 MILLION PRODUCTS
13 PAYMENT OPTIONS
Sagarmatha Technologies believes that ecommerce presents a significant opportunity in Africa, with a number of factors supporting its expansion,
including increasing online penetration and mobile adoption; the emergence of new payment methods; and improved network and logistics infrastructure. The South African online retail market is still very nascent, and only constitutes in the region of 2 % of total general merchandise retail sales (excluding groceries). In the rest of Africa the online market is also at a very early stage and the traction is mostly with general merchandise market places. Management believes that in Africa the ecommerce market is still very contestable with a high degree of price elasticity.
In order to achieve this objective,
Loot Online intends to:
- Increase the personnel complement
dealing with the commercial and IT
side of the Loot Online business.
- Further invest in marketing,
automation and customer retention
tools, search engine optimisation,
media content integration and
- Invest in ancillary support services
including warehousing and logistics in
order to improve the product offering
- Implement proprietary automated
marketing and merchandising software and data science resourcing to enhance its marketing capabilities.
-Extension of sales mix to include, for
Headquartered in Cape Town, Loot Online (http://www.loot.co.za), is a leading South Africa based multi- category online retailer. Through its desktop and mobile websites and applications, Loot Online delivers a convenient and intuitive online shopping experience, that currently offers 17 million products across 14 categories: Books;
Movies and TV; Games; Music; Computers; Toys; Baby; Kitchen; Home; Outdoor; DIY; Health and Beauty; Stationery and Office; and Arts and Crafts.
The timing is right to grow Loot
Online into the largest and most customer-centric online fashion, luxury goods and services ecommerce destinations in Africa.