South African Consumer Focused Internet Platform Closes 2015 with Record 330% Y-O-Y Growth to >$10 M in revenue
Silvertree Internet Holdings, the Cape Town-based consumer focused Internet platform, is today announcing it has recorded 330% p.a growth for 2015 to >$10m in revenue, its strongest year since operations began in 2013. Following this news, the company’s investment arm, Silvertree Capital, will start 2016 with a plan to deploy $10m [R158M] in investments, to new talented online companies to join its fast-expanding owner-operator portfolio.
Through its B2C ecommerce platforms, which include Click n Compare, Faithful to Nature, Cyber Cellar, Healthcart and recently-acquired PriceCheck, Silvertree Internet Holdings reached 25m unique consumers in Africa in 2015, a ~50% increase on the previous year.
Manuel Koser, SIH Founder and MD says: “Our meteoric growth in 2015 has been driven by execution-focused delivery across all of our portfolio companies, as well as a number of company acquisitions that are already delivering positive returns. Our job now is to build on this momentum to maintain our aggressive growth trajectory and cement our …read more