ParcelNinja sells a 60-percent stake to Imperial
Imperial sets its sights on disruptive technology businesses and broadens its e-commerce scope.
Warehouse and fulfillment outsourcing company ParcelNinja has sold 60 percent of its business to global logistics giant Imperial. The move to acquire a majority stake in the local e-commerce space is in line with Imperial’s digital strategy to build partnerships across the business ecosystem.
“A key enabler of our purpose is to identify, pre-empt, integrate and own potentially disruptive technologies and businesses,” said Imperial group CEO Mohammed Akoojee.
ParcelNinja has been on an impressive growth trajectory since starting operations in 2014. The business is currently picking and packing over 18,000 items for around 3,000 orders daily. Its warehouse in Johannesburg hosts upwards of half a million items on behalf of online shops across South Africa.
The Imperial partnership will strengthen ParcelNinja’s logistics execution, enabling them to deliver clients’ goods within the allocated time frame. “Joining forces with Imperial is the next logical step in ParcelNinja’s journey to expand its reach while remaining sustainable,” said Mohammed.
Imperial currently runs operations across the African continent and has an impressive reach into Europe, delivering products to some of the fastest growing and most challenging markets globally.