Silvertree Holdings has fully acquired UCOOK, a South African meal kit delivery firm, for ZAR187 million (US$12.3 million).
UCOOK is a meal kit delivery service that delivers sustainable and ethically sourced ingredients to a user’s doorstep. It was founded six years ago and is currently a market leader.
Silvertree Holdings had previously invested in the startup, which has now been acquired entirely, with co-founders David Torr, Christopher Verster-Cohen, and Katherine Barry exiting the company and Silvertree’s Peter Allerstorfer and his colleagues taking over the executive reins.
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“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.”
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer