Acquisition

SA’s UCOOK Fully Acquired By Silvertree Holdings In $12.3m Deal

South African meal kit delivery startup UCOOK has been fully acquired by Silvertree Holdings in a deal worth ZAR187 million (US$12.3 million). 

Founded six years ago and now a market leader, UCOOK is a dinner kit delivery service providing sustainable and ethically sourced ingredients straight to a user’s doorstep. 

Having previously received investment from Silvertree Holdings, the startup has now been acquired outright in a deal that sees co-founders David Torr, Christopher Verster-Cohen and Katherine Barry exit the business and hand the executive reins to Silvertree’s Peter Allerstorfer and his team. 

“Peter is a great executive with a keen eye for detail, I look forward to watching from the sidelines as UCOOK explores new avenues,” said Torr. “We’re immensely proud of what we built, but I felt it was time to exit the business to allow me to focus on other ventures.”

Source
Disrupt Africa

Nichole Manhire

Is the media and brand manager at GFA News. She works very closely with editors and podcasters that contribute to telling the African business success story. For marketing and advertising send Nichole an email: nichole@getfundedafrica.com

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