Jumia

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Jumia

logo
legal form Listed company
ISIN US48138M1053
founding 2012
Seat Lagos , Nigeria
management Jérémy Hodara, Sacha Poignonnec
Branch Mail order , online trade
Website group.jumia.com

Jumia is a publicly traded multinational online trading company operating in Africa . The company offers a wide range of products such as electronics and fashion. In addition, services in the areas of payment transactions, food delivery, credit and flight bookings are offered. Jumia was founded in Lagos , Nigeria , in 2012 and has offices in 13 African countries. The company is sometimes referred to as the " Amazon of Africa".

history

Juliet Anammah, Chair of Jumia Nigeria

Jumia was founded in 2012 by the two former management consultants Jeremy Hodara and Sacha Poignonnec. In March 2016, the company managed to raise 50 million euros in venture capital . Investors included Rocket Internet (until early 2020), Goldman Sachs , Axa and Millicom , among others .

The technology startup was the first “unicorn in Africa” to achieve a valuation of over 1 billion US dollars. In April 2019, the stock market debut took place on the New York Stock Exchange , whereby capital of 196 million US dollars could be raised. Jumia's share price tripled within the first three trading days before settling back around the cost price a month later. The assertion by the US portal Citron Research that Jumia reported incorrect key figures before the IPO had negative effects on the share price .

Jumia pays its taxes in Berlin , the development team is based in Portugal and the headquarters are in Dubai . These reasons, and because the nationality of the two CEOs is French, are used by critics as arguments that the company is not, as stated in the self-presentation, purely African (“100% Africa”).

Web links

Commons : Jumia  - collection of images, videos and audio files

Individual evidence

  1. ↑ What is Jumia. In: Jumia Nigeria. Retrieved April 18, 2019 .
  2. ^ Claudia Bröll, Cape Town: Jumia goes public: “Africa's Amazon” inspires investors in New York . ISSN  0174-4909 ( faz.net [accessed April 18, 2019]).
  3. ↑ Rocket Internet makes more profit and gets out of online platform Jumia , Handelsblatt, April 2, 2020. Access date: April 7, 2020.
  4. ↑ Tech conglomerate raises € 50 million funding round from CDC . In: Pulse.ng , March 13, 2019. 
  5. ^ Shares of African e-commerce company Jumia jump 71 percent in debut. In: Reuters. April 12, 2019, accessed April 17, 2019 .
  6. ↑ Kevin Carter: The Best Way To Invest In The Next Big Thing In Emerging Markets Is By Investing In The Current Big Thing. In: Seeking Alpha. April 12, 2019, accessed April 18, 2019 .
  7. ↑ Samed Olukoya: Jumia Jumps 204% in Three Days. In: Investorsking. April 16, 2019, Retrieved April 17, 2019 (American English).
  8. ↑ Jumia Technologies AG (JMIA) Stock Chart. In: Nasdaq. Retrieved June 25, 2019 (American English).
  9. ↑ Yomi Kazeem: Jumia is trying to take the high road on a short seller's fraud claims. In: Quartz. Retrieved June 25, 2019 .
  10. ↑ a b Why Jumia Is Beating Amazon And Alibaba in Africa. In: CNBC. June 25, 2019, accessed June 25, 2019 .
  11. ↑ Jumia-Group: "Press Kit" . Press kit. Access date: April 7, 2020.