jumia
Why Warriors’ Andre Iguodala joined African unicorn Jumia’s board of directors
Andre Iguodala, a key member of the Golden State Warriors basketball team, is no stranger to the tech industry. He’s invested in Tristan Walker’s Walker & Company, which has since…
Venture capital and the blockchain will be the talk at Startup Battlefield Africa
TechCrunch Startup Battlefield returns to Africa next month, and we have an agenda chock-full of interesting panels and our premier startup competition. Joining us in Lagos, Nigeria on December 11…
A look back at the year that the Sub-Saharan African startup scene found its stride
African tech in 2017 was about the normalization of market events mostly absent even a decade ago. There were acquisitions, multiple investment rounds, lots of expansion, big strategic partnerships and…
Africa Roundup: ToLet Acquires JumiaHouse NG, Facebook announces NG_Hub, Interswitch IPO Update
Lagos based online real estate startup ToLet.com.ng acquired Jumia House Nigeria for an undisclosed amount. Jumia House is a subsidiary of the continent’s lone tech unicorn — Pan-African e-commerce giant Jumia.com.…
Online real estate startup ToLet acquires Jumia House Nigeria to create PropertyPro.Ng
African tech can produce surprises. One this week is a $1.2 million Series A startup buying part of a $1 billion company. That’s what Lagos based property startup ToLet.com.ng has…
Jumia and Safaricom CEOs, Showmax and EchoVC heads top Battlefield Africa lineup
TechCrunch’s Battlefield Africa competition is set for Nairobi, Kenya on October 11. Along with 15 startups vying to become “Sub-Saharan Africa’s Most Promising Startup,” the event includes an exciting lineup…
Africa Roundup: Cameroon’s #BringBackOurInternet succeeds, Nigeria’s Cars45.com raises $5M
Cameroon’s #BringBackOurInternet movement achieved its demand. After 94 days of a state imposed web blackout, on April 20 the country’s government turned the net back on. The three month outage…
Nigeria’s Cars45 closes $5M round to digitize Africa’s used autos markets
Africa’s startup boom is moving into the used-vehicle space. Nigeria based Cars45.com raised a $5 million Series A round from the Frontier Cars Group, a holding company whose backers include…
2016 Africa roundup: drone delivery, VC, unicorns, exits and Zuck
Twenty-sixteen was a pivotal year for African tech. The continent’s IT scene attracted major investment, produced its first $1 billion startup, launched a national drone delivery program, and drew one…
Nigeria’s Black Friday sales test the e-commerce models of startups Jumia and Konga
Africa’s two leading e-commerce startups, Jumia and Konga, topped their 2015 Black Friday merchandise sales in Nigeria—even as the country weathers currency volatility and recession. The shopping spree of the…
Mark Zuckerberg meets with African tech leaders on Nigerian tour
Facebook CEO Mark Zuckerberg is in Nigeria. News of his unannounced trip broke Tuesday with social media photos of him visiting the Co-Creation Hub (Cchub) innovation center in Lagos. Zuckerberg then dropped…
Africa Roundup: More VC to Jumia’s parent, Konga Launches Nigeria’s PayPal, M-Kopa Solar lights homes with M-Pesa
A monthly roundup of stories on African tech companies.
Orange invests $85M in Africa Internet Group, Africa’s first billion dollar tech firm
There’s more money for Africa Internet Group (AIG), the Rocket Internet-backed company that became Africa’s first tech unicorn last month when it landed a $326 million investment at a valuation…
Nigerian e-commerce site, DealDey, gets acquired by Ringier
Ringier Africa Deals Group, a joint venture between Swiss Ringier Africa AG and South African Silvertree Internet Holdings Ltd., acquired Nigerian online shopping startup DealDey for an undisclosed amount.
Rocket Internet’s Africa Internet Group raises $326M from Goldman Sachs and others
Fresh from pulling in $83 million from European insurance giant AXA last month, Africa Internet Group (AIG) — the Rocket Internet-backed company behind e-commerce site Jumia — has announced that…
As Its Market Grows, Nigerian E-Commerce Startup Africa Internet Group Raises $83 Million
Some of Africa’s best funded ecommerce startups just secured more capital.
Rocket Internet’s African Amazon Clone, Jumia, Extends Its Reach With Android App
Jumia, an Amazon clone for Africa backed by the Rocket Internet ecommerce startup incubator and launched last year, is pushing onto mobile with the launch of its first smartphone app.…
Summit Partners Puts $26M Into Samwer Brothers’ African Amazon Clone Jumia
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…
