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Jumia is a marketplace, logistics service and payment service, operating throughout Africa. The logistics service enables the delivery of packages through local partners while the payment services facilitate the payments of online transactions. [ 1 ]
Jumia Travel was founded in 2013 by the E-commerce platform Africa Internet Group (now Jumia Group) and is backed by MTN, Rocket Internet, Millicom, Orange, Axa and other financial partners. [11] Operations were started in 2013 in Nigeria and Kenya by company's co-founder Marek Zmysłowski [ 12 ] and Estelle Verdier. [ 13 ]
Jumia became Africa's first unicorn - a private company with a $1 billion-plus valuation - to test the public market for a sub-Saharan tech firm when it listed in New York in April.
Carmudi was founded in Germany in 2013. [2] The founding of the company was officially announced at TechCrunch Disrupt Berlin. [3] It amalgamated Carmido (), Ubilista and Motors.com into one umbrella company in October 2013 [4] although the latter is still operating under the name motors.com.mm.
The post Jumia IPO Highlights Africa’s Shifting Online Travel Ecosystem appeared first on Skift. The company mainly helps 80,000 active merchants sell goods in 14 countries on the continent.
I’ve written about Jumia (NYSE:JMIA) before where I examined the company’s disappointing short-term results. Investors get so wrapped around short-term thinking that they tend to forget the ...