Jumia is celebrating their 6th year this month with all of their loyal customers. Other than the Black Friday, this is another event that will see the prices of so many products on Jumia drop. Celebration for the Jumia 6th anniversary will commence on July of 16th 2018 and end o the 29th of July 2018. So much, so little of your knowledge about Jumia, let’s briefly look at how Jumia came to be what it is today.
What is Jumia?
|Industry||Internet, Retail, Ecommerce, Marketplace|
|Headquarters||Yaba, Lagos, Lagos State, Nigeria|
Number of employees
Jumia, formerly known as Africa Internet Group (AIG), is a system of online commerces, marketplaces and classifieds websites and applications created in 2012. Started in Lagos, the company has a presence across 23 African countries.
The first company to launch, Jumia, is an online shopping website for electronics and fashion as a direct competitor to Kilimall and Konga. It launched in Lagos, in June 2012 and was followed by Jumia Market (formerly Kaymu), a community based online marketplaces in September of that same year. Jumia Travel (formerly Jovago), an online hotel booking platform was launched in Nigeria in June 2013, just before Jumia House (formerly Lamudi), Jumia Car (formerly Carmudi) and Jumia Food (formerly Hellofood). The last two services, Jumia Jobs and Jumia Deals were launched in April 2015.
In 2014, the company launched an office in Uganda. In 2015, Jumia generated about $234 million in revenue which stands for a 265% growth from 2014. As of 2016, Jumia had 126 operations across 23 African countries, thus covering 90% of African GDP and 3 million customers. In 2016, Jumia became the continent’s first unicornbeing valued over 1 billion USD. As of 2017, there are 126 websites in activity across 23 African countries.
In November 2017, Jumia House Nigeria was acquired by ToLet.com.ng for an undisclosed amount. ToLet.com.ng and Jumia House Nigeria will merge platforms under the new name of PropertyPro.ng Same month, Jumia House Ghana was acquired by meQasa.com for an undisclosed amount.
In 2012, Jumia Group was launched with the support of Rocket Internet, MTN, and Millicom. In March 2016, Jumia Group secured over €300M of funding from MTN, Rocket Internet, AXA, Goldman Sachs, Orange and CDC. In 2013, Jumia won the Brand Journalists Association of Nigeria Awards (Online Retail Brand of the Year). Jumia is listed among the Massachusetts Institute of Technology’s Smartest Companies 2017. Ranking 47 on the list, Jumia is the only African company named in MIT’s top 50 smartest companies
What to expect from Jumia Anniversary celebration
- 500,000 free vouchers for more discounts
- Daily flash sales
- Up to 70% off your favorite brands
- Customers in Lagos, Ibadan, Abuja and Port Harcourt will enjoy free delivery with no extra charges
- Over 100,000,000 deals to be done
It’s just two days to the Jumia Anniversary, to get prepared for it, kindly go to www.jumia.com.ng/anniversary to get started. Stay tuned for latest updates as we will try our possible best to share their wonderful deals with you all. Stay tuned!!!