Simplified Tech News Reporting

Silvertree Holdings Acquires UCOOK In A $12.3m Deal

The South African dinner kit delivery startup service provides sustainable and ethically sourced ingredients straight to a user’s doorstep.

0 83

Silvertree Holdings has fully acquired UCOOK  in a deal worth ZAR187 million (US$12.3 million).

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.

David Torr, Silvertree Holdings Co-Founders said: “Peter is a great executive with a keen eye for detail; I look forward to watching from the sidelines as UCOOK explores new avenues. 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.”


Leave A Reply

Your email address will not be published.