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

The 4 Focuses of History-Makers

kenyabittertruth has given you 200 MB Data. To claim click here https://refer.airtel.africa/KE/F7VT3NZG and download the MyAirtel App using this code: F7VT3NZG “The life given us, by nature is short, but the memory of a well-spent life is eternal.” —Cicero The sunrise was dazzling as the entrepreneur and the artist walked hand-in-hand along the seashore to meet the billionaire at the designated meeting spot for the next morning’s mentoring class. Mr. Riley was already there when they arrived, sitting on the sand, eyes closed in a deep meditation. He was shirtless, wearing camouflage-patterned shorts similar to the ones The Spellbinder styled the day he appeared on the beach and a pair of rubber diving booties with smiley face emojis scattered over them. You would have been more than amused if you saw him in them. An assistant rushed out of the billionaire’s home the instant he raised a hand toward the heavens, displaying the universal victory sign. Three crisp pages of paper were effic...
Post a Comment
Read more

THE CROWN YOU CARRY: A Letter to My LOVELY Daughter FROM THE HEART OF A MOTHER

My Dearest Daughter, As the sun rises over the hills of Limuru, casting golden rays upon the dew-kissed tea leaves, my heart swells with pride, hope, and the wisdom only a mother can carry. You, my beautiful girl, are in school, and while the world sees a student in uniform, I see a queen in the making. I see the grace of your grandmother, the fire of your ancestors, and the promise of a bright African dawn glowing in your eyes. This Easter, God granted me the sweet joy of bonding with you—not just as a mother—but as a woman who has walked a little further on this winding road of life. You may not know it yet, but in those laughter-filled mornings and quiet evening chats, a legacy was passed on: not of gold or silver, but of values, vision, and virtue. Let me speak to your soul now, daughter of mine. Listen with your spirit. In this life, my sweet child, “a child who does not listen to the mother’s advice will sleep with the flies” — a Ghanaian proverb as old as wisdom itself. The worl...
Post a Comment
Read more