Online retailer Loot.co.za has announced that it has secured additional funding from Titan Investments.
Loot.co.za, headed up by ex-Kalahari CEO Gary Hadfield, and recently nominated by the public for a 2012 eCommerce Award, has grown its product offering from books to DVDs, electronics, games, music, toys and more.
Sean Emery, Investment Director at Titan Investment and also co-founder and CEO of RainFin.com says of the additional funding that “We have chosen to partner with Loot.co.za for a number of reasons, chief of which is their understanding that South Africa is not Europe and requires a dedicated, experienced management team with a long track record within the unique dynamics of the South African ecommerce commercial and logistical infrastructure environment.”
Titan, has a number of investments including a shareholding in EOH, Connection-Telecom, wysetalk.co.za, Quadrem Africa, BCX and RainFin.com.
In October of this year, leading up to the holiday season, Loot.co.za made some enhancements to its site usability, improving the online shopping experience for its customers.