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Home Companies Corporate deals

Deal: Jumia Raises $35million From Millicom To Build 90,000 Square Foot Warehouse

Ugodre Obi-chukwu by Ugodre Obi-chukwu
June 18, 2013
in Corporate deals
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There is a flurry of activities in Nigeria’s online retail markets in the mould of new investment drive, strategic partnerships, all geared towards taking advantage of the country’s budding middle class and massive online population (45 million internet users).

Jumia, an online retailer in Nigeria, has raised $35 million in fresh funding from Millicom to expand its domestic market and move into a new 90,000 square foot warehouse located in Lagos, according to a report on Monday.

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Tags: JumiaNews Review
Ugodre Obi-chukwu

Ugodre Obi-chukwu

Ugo Obi-Chukwu "Ugodre" is the Founder, Publisher, and Chief Analyst of Nairametrics, a leading business and financial news online platform in Nigeria. Ugo is also the Chief Editor of the Nairametrics “Blurb” Opinion pages. Follow Ugodre on Twitter @ugodre and Instagram @ugodre Email: ugodre@nairametrics.com

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