# Jumia Group

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/jumia-group

- Industry: Internet
- Headquarters: Lagos, Nigeria
- Website: www.jumia.com
- Total disclosed funding: $352M
- Latest round: Series C (Mar 3, 2016)
- Investors on record: 7

## About

Founded in 2012 and based in Lagos, Nigeria, Jumia Group operates as a provider of an online platform that allows sellers to distribute and market their products and services and consumers to purchase goods. The firm was founded by Amit Kumar, Tunde Kehinde, and Raphael Kofi Afaedor and has raised total funding of EUR 475 million in 2018. The firm also became a publicly listed company in 2019 under the ticker symbol JMIA on New York Stock Exchange. Jumia Group provides a marketplace platform that enables consumers to access a wide variety of products and services. The firm's online shopping platform provides products goods from groceries, electronics, fashion, hygiene care products, gadgets, and delivers the customer's orders to their address. The firm's platform also allows retailers to market their products and recruit interested individuals to become sales consultants and service providers. The firm also operates JumiaPay, a lifestyle mobile application that allows users to subscribe to various social communication plans, insurance policies, and pay their utility bills. Jumia Group generates revenue by helping retailers in selling their products through the Jumia platform.

## Funding rounds

- Series C, Mar 3, 2016, $326M — British International Investment, Goldman Sachs Asset Management, Rocket Internet SE, MTN Group, Orange, AXA Group
- Series A, Mar 6, 2013, $26M — Summit Partners

## Investors

- Summit Partners (https://capitalatlas.ai/funds/summit-partners) — Series A
- British International Investment — Series C
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series C
- Rocket Internet SE (https://capitalatlas.ai/funds/rocket-internet-se) — Series C
- MTN Group — Series C
- Orange — Series C
- AXA Group — Series C