Jumia raises USD 150 mln to expand ecommerce business in Africa

Tuesday 2 December 2014 00:43 CET | News

Jumia, a Nigerian online retailer, has raised EUR 120 million (USD 150 million) in new funding round.

Jumia, including the current funding round, has raised EUR 445 million (USD 555 million) in total. The e-tailer sells a range of products, from clothes, to electronics, cosmetics and even alcohol. It is active in nine African markets: Cameroon, Egypt, Ghana, Ivory Coast, Kenya, Morocco, Nigeria, Uganda, and Tanzania and also the UK.

Jumia offers cash-on-delivery for payments and has also developed an Android-based app for mobile purchases.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Jumia, funding round, investment, ecommerce, expansion, Africa, e-tailer, mobile app, Android, mobile sales
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce