While other e-commerce startups have popped up around the continent, Jumia still has the most customers, with 10 million more monthly visits than its closest contender, South Africa‘s Takealot.com.
Correspondingly, 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.
Subsequently, is Jumia only in Nigeria? Jumia was launched in Nigeria in 2012 and expanded to five other countries : Egypt, Morocco, Ivory Coast, Kenya and South Africa. In 2014, the company launched offices in Tunisia, Tanzania , Ghana , Cameroon , Algeria and Uganda , and by 2018 it was present in 14 African countries.
Amazingly, which countries have Jumia? In 2012, Jumia took up operations in Egypt, Morocco, Ivory Coast, Kenya and South Africa. Two years later, offices in Tunisia, Tanzania, Ghana, Cameroon, Algeria and Uganda were launched. By 2018, Jumia was present in 14 African countries. Jumia started with an initial staff of 10 in Nigeria.
You asked, which country owns Jumia? 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).Verdict: Jumia is rated higher than Konga in terms of global internet engagement.
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.
Does Jumia deliver to South Africa?
We are proud to extend our Jumia operations to South Africa and to offer a safer shopping solution both to vendors and consumers.
Is there Jumia in Zimbabwe?
Jumia House Zimbabwe (@JumiaHouseZW) / Twitter. Jumia House is Zimbabwe’s best online real estate marketplace. The real estate marketplace offers sellers, buyers, landlords and renters an ideal platform.
How long has Jumia been in 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.
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”.
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.
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.
Is Konga bigger than Jumia?
Funding Sources/Revenue Profile: Jumia is the clear leader in terms of Gross Merchandise Value (GMV) and revenue when you total the over 15 countries it has operations in while Konga Nigeria alone is about 50% of Jumia’s total.
How much commission do Jumia sellers get?
In line with the Federal Government’s directive on the Finance Act 2019, the Value Added Tax (VAT) applicable on goods and services offered by Jumia would be increased from 5% to 7.5% effective on the 1st of February 2020.
Does Jumia sell original products?
By selling only genuine products, we strengthen our position as the most beloved and trusted shopping destination, which benefits your online business. Jumia takes product authenticity very seriously. It is each seller’s responsibility to source and sell only authentic products.