March 6th, 2013

Summit Partners Puts $26M Into Samwer Brothers’ African Amazon Clone Jumia

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Rocket Internet, the e-commerce startup incubator started by the Samwer Brothers, is once again ramping up its operations in emerging markets. Today it is announcing that Jumia, an Amazon clone launched last year in Africa, has received a €20 million ($26 million) investment from Summit Partners. Jumia is already active in Nigeria, Egypt and Morocco, and the company says that it will be using… → Read More