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Massmart - About the company

Massmart is an acquired company based in Sandton (South Africa), founded in 1990. It operates as an African retail and wholesale group operating diverse store formats. The company has 13 active competitors, including 1 funded and 5 that have exited. Its top competitors include companies like A.S. Watson, Pick n Pay and Mr Price.

Company Details

African retail and wholesale group operating diverse store formats. It offers general merchandise, liquor, home improvement, and wholesale food products through various retail and wholesale channels. The group's business model emphasizes high volume, low cost, and responsible business practices to maintain price leadership. It supports suppliers through initiatives like growth summits, aiming to foster economic development within the region. The company also prioritizes food safety and sustainability in its operations.
Key Metrics
Founded Year
1990
Location
Sandton, South Africa
Stage
Acquired
Ranked
Employee Count
17,149 as on Aug 31, 2026
Investment & Acquisitions
Similar Companies
Exit Details
Acquired by Walmart (Nov 29, 2010)

Massmart's acquisition details

Massmart got acquired by Walmart on Nov 29, 2010 at an acquisition amount of $*****.
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Massmart's funding and investors

Massmart is a funded company.

Massmart's founders and board of directors

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Massmart's employee count trend

Massmart has 17,149 employees as of Aug 26. Here is Massmart's employee count trend over the years:
Employee count trend for Massmart
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Massmart's Competitors and alternates

Top competitors of Massmart include A.S. Watson, Pick n Pay and Mr Price. Here is the list of Top 10 competitors of Massmart, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for A.S. Watson
A.S. Watson
1841, Hong Kong (China), Late Stage
Health and beauty products retailer
$5.7B
65/100
2nd
Logo for Pick n Pay
Pick n Pay
1967, Sandton (South Africa), Public
Retail chain of super markets
-
57/100
3rd
Logo for Massmart
Massmart
1990, Sandton (South Africa), Acquired
African retail and wholesale group operating diverse store formats
-
-
49/100
4th
Logo for Mr Price
Mr Price
1885, Durban (South Africa), Public
Chain of department store
-
48/100
5th
Logo for Karri
Karri
2016, Cape Town (South Africa), Funding Raised
Mobile-based application for donating money to charity
-
44/100
6th
Logo for Crowdr   Crowdfund in Nigeria
Crowdr Crowdfund in Nigeria
2022, Lekki (Nigeria), Unfunded
Crowdfunding platform facilitating donations and volunteer opportunities
-
-
27/100
7th
Logo for Portal365
Portal365
2017, Vilnius (Lithuania), Seed
Grant writing and management software for nonprofit organization
-
26/100
8th
Logo for NaijaFund
NaijaFund
2015, Lagos (Nigeria), Unfunded
Crowdfunding platform in Nigeria
-
-
25/100
9th
Logo for Shoprite
Shoprite
2005, Lagos (Nigeria), Acquired
Online platform for grocery shopping and home delivery services
-
-
22/100
10th
Logo for NaturFund
NaturFund
2015, Abuja (Nigeria), Unfunded
Crowdfunding platform focused on multiple sectors
-
-
22/100
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Massmart's Investments and acquisitions

Massmart has acquired OneCart. Massmart has not made any investments as of now.

Reports related to Massmart

Here is the latest report on Massmart's sector:

News related to Massmart

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Media has covered Massmart for a total of 3 events in the last 1 year, 3 of them have been about company updates.
•
Massmart launches OneCart price comparison toolTechCentral•Sep 19, 2023•Massmart
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