By last year Jumia had about 110,000 annual sellers and 6.8 million active customers, a small number when compared to the continent’s population. The growth of e-commerce across the continent, the ITC report said, is hampered by the lack of cross-border opportunities as most platforms operate within national borders.
You asked, how many sellers are on Jumia? Jumia Nigeria has more than 11,000 sellers, having achieved gender parity with 51% of sellers on the platform as women. 81% of Nigerians shop online with their smartphones, with 19% access the online platform through desktops.
Beside above, how many Nigerians are using Jumia? Nigerian e-commerce platform Jumia had 6.8 million active customers in the last quarter of 2020, up from 6.1 million LTM (last 12 months) active customers in the corresponding quarter of the previous year.
Quick Answer, who are Jumia competitors?
- Souq — owned by Amazon — is leading in the Egyptian market.
- Jiji — with over 8 million monthly active users, Jiji is a strong competitor in Nigeria.
- Konga — has been an war with Jumia for years in a battle to dominate the Nigerian ecommece market.
Also the question is, is selling on Jumia profitable? Despite the business model shakeup, Jumia is still not profitable, and it is also not growing as fast as it once was. Jumia’s customer base grew to 6.9 million, 500k customers (6.9%) higher than 6.4 million in Q1 2020.Verdict: Jumia is rated higher than Konga in terms of global internet engagement.
Is Jumia black owned?
The IPO creates another milestone for Jumia. The company in 2016 became the first African startup unicorn, achieving a $1 billion valuation after a funding round that included Goldman Sachs, AXA and MTN. There’s a lot to break down on Jumia’s going public.
What is the full meaning of Jumia?
According to a user from Washington, U.S., the name Jumia is of Swahili origin and means “The name Jumia comes from the Swahili word ‘Jumuiya’, meaning Independence”. According to a user from Kenya, the name Jumia is of Swahili origin and means “Jumia comes from the swahili word jumuiya, which means collective”.
What is the meaning of Jumia?
Jumia is Arabic/Muslim girl name which means “Heaven; The Sun”.
What is wrong with Jumia?
Jumia left fragmented markets that are hostile to ecommerce with underdeveloped digital payment services and a poor logistical and delivery infrastructure that led to high managing operations costs. In addition, the company downsized its operations in Nigeria, its biggest market.
When did Jumia start Kenya?
Jumia, Kenya’s no. 1 online retailer was established in May 2013 with the aim and vision to become the one-stop shop for retail in Kenya with implementation of best practices both online and offline.
Who owns Jumia Kenya?
Africa pride The two Frenchmen who run Jumia as co-CEOs, Jeremy Hodara and Sacha Poignonnec, reduced their salaries just days before the first anniversary of its initial public offering (IPO) on the New York Stock Exchange (NYSE).
What is Jumia’s competitive advantage?
The operating model is built to help Jumia achieve rapid growth and short term success. Their emphasis on rapid expansion and high capital expenditures to achieve this has given them an advantage in the market. Jumia is better funded than its competitors and has a strong international base of support.
How do Jumia agents make money?
YOU EARN MONEY – You make commissions selling items supplied by Jumia. Your efforts are rewarded: the more you work, the more you earn! You also earn money for each new sales consultant you recruit! YOU ARE YOUR OWN BOSS- As an independent sales consultant,you have complete freedom and control over your activity.
Is Jumia popular in Africa?
Summary. Jumia’s financial performance over the past several years has been nothing short of underwhelming. Equipped with an addressable market of 1.2B consumers, Jumia is the frontrunner in Africa’s e-commerce market.
How can I earn from Jumia 1?
- Become an Affiliate Partner. Affiliate partners can promote the products on Jumia and can get up to 11% commission on every successful order made a click via your affiliate link.
- Sell on Jumia Nigeria. If you have your own products and services to sell, you can easily sell them.