Jumia Tag
It’s been almost a month since Apple announced the iPhone 5S and iPhone 5C. Apple’s Nigerian site doesn’t show official availability or pricing for both phones(or any iPhone for that matter) but we’ve done a short surf of the web and we’ve found sites you can order the iPhone 5S and 5C from. Konga Konga lists the Space Grey 16GB iPhone 5S at ₦164,990 and all colours of the iPhone 5C at ₦140,000. They promise to deliver within 3 working days and they claim both variants are in stock. JumiaRead More
Africa’s leading e-commerce site, Jumia, has just raised $26 million from Summit Partners, a $15 billion equity firm that invests in rapidly growing companies. The company is already active in Nigeria, Egypt and Morocco, and says it will use the funds to expand to more countries and strengthen its operations. The new investment is in addition to the one they received earlier from JP Morgan Asset Management. The terms of this investment are still undisclosed but we know from information that Summit has a history of investing in e-commerce start-ups in emerging markets like the Asian AmazonRead More
We just heard MIH invested in Nigerian online retailer, Konga. Our source did not include financial details of this deal, but it’s significant enough for MIH to cancel its MoMall project in Nigeria. The deal was sealed in October 2012 and will be officially announced in February this year. In December 2012, TechLoy hinted at the possibility of MIH investing in locally grown Konga or foreign-owned Jumia. For Konga, this is funding to increase its product base or acquire smaller e-commerce companies like it did with 3Stitches. Konga can alsoRead More
E-commerce service Jumia has launched a screaming competition for its customers and non-customers alike. All you have to do is well, scream “Jumiaaaa”. The grand prize is To enter the competition, you have to signup on Jumia’s Facebook screaming app, upload a video of you screaming to YouTube and paste the link within the app. There are a couple of videos of people screaming but the problem here is that there’s a bunch of unrelated videos – like Chris Brown trying and failing to dance the Azonto. The app doesn’tRead More
Nigerian e-commerce and retail website Jumia which was formerly known as Kasuwa, just received funding from J.P. Morgan Asset Management. The amount that was put into Jumia hasn’t been disclosed but the investment company is a global company which has assets under supervision of approximately $2.0 trillion and assets under management of $1.3 trillion (as of June 30, 2012) and its clients include institutions, retail investors and high-net worth individuals in every major market throughout the world. In a press release by Jumia co- founders and joint-CEO’s Tunde Kehinde & Raphael Afaedor stated that “ThisRead More
Online shopping and delivery service Jumia (formely Kasuwa and Sabunta) is already failing at deliveries barely 6 months since its launch. Here’s the story of a disgruntled customer who doesn’t wish to be named. Let’s call him “John”. UPDATE: We have been reached by a Jumia staff member who has offered to speak to John and fix the problems. That’s great. John ordered a laptop from Jumia’s website and paid via his debit card. The laptop was delivered 5 weeks after the promised delivery date. When John eventually opened the laptop,Read More
According to cp-africa, Rocket Internet company Kasuwa, has announced that it has rebranded itself as Jumia and will begin selling a wider range of products from electronics to clothes and even beauty products. Kaswua launched about 2 months ago and has risen to be one of the most visited websites in Nigeria, getting over 1.8 million visits in its first 6 weeks. Jumia promises to continue selling electronics and book titles and has now added beauty, hair, baby and children’s products. The new website at Jumia.com.ng hasn’t launched yet andRead More