Skip to main content

Africa Internet Group, parent of Jumia the leading ecommerce platform in Africa, secures over € 300M of funding from MTN, Rocket Internet, AXA and Goldman Sachs

Africa Internet Group (“AIG”), the parent of Jumia, the leading ecommerce platform in Africa, has secured more than Euro 300 million in funding from new and existing investors, including the previously announced funding commitment from AXA, a worldwide leader in insurance and asset management. This new round of investment is led by existing investors including MTN and Rocket Internet as well as a new investor, Goldman Sachs. The funds will significantly strengthen the balance sheet of AIG enabling the company to leverage the significant growth of Jumia andHellofoodand to capitalize on the significant opportunities in Africa.
“This investment is a recognition of the success that Jumia has already achieved and provides us with a strategic flexibility to further support our efforts to offer the best shopping experience to our customers,” said Sacha Poignonnec and Jeremy Hodara, founders and co-CEOs of Jumia and AIG. “We are delighted to welcome AXA and Goldman Sachs as new investors and are also grateful for the continued confidence from our existing shareholders. To us, it is a recognition of the quality of our operations across the African continent and an affirmation of the significant growth potential of Jumia.”
Jumia, the leading ecommerce platform in Africa, intends to use the funds to support its continued growth, and to execute on attractive development opportunities in Africa along with AIG’s other ecommerce platforms.
Parinaz Firozi, MD,Jumia Kenyacommented, “Kenya stands to benefit significantly from this funding in the areas of job creation, entrepreneurship and increased innovation. We also aim to expand our strong presence in the country.
Jumia, AIG’s main subsidiary, currently present in 11 African markets, provides the platform for local African businesses to sell products to the fast-growing base of African consumers in particular to the rapidly emerging middle class. Other activities of AIG include Kaymu, a leading online shopping community, as well as leading marketplaces in food delivery (Hellofood), travel (Jovago) and leading classifieds operations in real estate (Lamudi), jobs (Everjobs) and cars (Carmudi)
About Jumia & Africa Internet Group
Jumia (www.jumia.com) is Africa’s leading online shopping destination with a presence in 11 countries. Since launching in 2012, the company has transformed the way that African consumers shop by offering them the opportunity to buy everything from fashion items to consumer electronics to home appliances all online. Jumia is part of a larger ecosystem of companies supported by Africa Internet Group (AIG), the leading internet platform in Africa with a network of companies including Carmudi, Easy Taxi, Everjobs, hellofood, Jovago, Jumia, Kaymu, Lamudi, Vendito and Zando across 23 African countries.
Robinson Murage
Communications Manager
Jumia Kenya
Skype: robinson.murage
Mobile: 0705414775[/a]divIf you ever need @JumiaKenya products, let me know and I can get you a discount. CLICK HERE

Labels:

Comments

Post a Comment

Popular posts from this blog

Take care of yourself__"The first wealth is health".

By Strive Masiyiwa  A few weeks ago I went to the doctor. I will tell you what he said about my health at the end, but first read this: Twenty years ago, I arranged to meet a well-known British international businessman who invested a lot in Africa at the time. We agreed to meet for dinner at a leading hotel in London.  After a good meeting, we started to walk out of the restaurant when he suddenly collapsed in the lobby. There was total pandemonium as they rushed to get medical assistance. Being London, an ambulance arrived in minutes. I jumped in the back with him as paramedics wrestled to keep him alive. He had had a heart attack and had to have triple bypass heart surgery. Sadly he died a few weeks later. He hadn't been sick and his sudden death surprised everyone. And yet as I reflected on it, and later discussed it with a doctor friend who knew him, I realized he was very laid back about his health despite having a hectic business life. Even during our dinner...
Post a Comment
Read more

WHERE TO BUY THINGS AT A BARGAIN IN NAIROBI

 1.Cereals – Get them in Nyamakima in that kichochoro for Molo matatus. Groundnuts from the market cost Sh190 per kilo, but at Nyamakima they are Sh110. You can also get apples and other fruits at a good price. 2.  Diapers and bar soap – OTC. The kichochoro between Tuskys and Equity.  3. Chemicals for homemade detergent, bleach, fabric softener, disinfectant – OTC, the building with Tuskys, go upstairs, first floor. They will even explain how to mix them.  4. Bulk shopping – If you can manage to go to Kawangware or Eastleigh, you will save a lot. In Kawangware, go to Samrose in the market. Alight at Mlango Soko, then at Cooperative Bank, go down and turn at the first right turn, walk about 20 metres and you will find SamRose. Go with a list, they will give you the prices. If you are buying things for a shop, they deliver. Alternatively, you can turn left and walk a bit for like 100 metres where you will find many wholesale shops including FairPrice. Also look out for Israel. In Eastlei...
Post a Comment
Read more