This was a research first published on Nairabrains.com

Some time ago we did a post profiling Nigeria’s 17 most valuable startups . A lot has gone on since that time – startups have improved in valuation while some have simply regressed or even gone into comatose. Such is the startup world. Valued in millions of dollars today, dead tomorrow.

In our previous profile some of the biggest casualties include Kuluya the gaming company that much has not been heard of in recent times except in a post by Jason (of Spark that invested at a $2 million valuation) showing how Kuluya was not among their cashflow positive and promising startups, Easytaxi and more.

The new expanded list of most valuable online tech startup companies in Nigeria showcases 19 of the best and growing startups in Nigeria’s ecosystem. The fact that there is no $100 million valued company in this list shows that the online startup world in Nigeria has still lots of growing to do.

In researching and coming up with this list we have used various sources, poring through pages of funding information, industry insights and gleaning as much as we can about the value of each key startup under our horizon.

This is by no means final as we are always open to newer verifiable information regarding the worth of startups in Nigeria. The 19 most valuable startups in Nigeria in 2015 – not ordered by valuation;

Jumia

Jumia is one of the big two in Nigeria’s ecommerce retailing space. Initially floated by the German based Rocket Internet Group Jumia is an ecommerce giant operating in several African countries with each country run and managed by a seperate team of Managing directors. The company is reported to have raised a total of $211 million over three funding rounds.

Konga

Konga is the other of the big two and has positioned itself as not just an online shopping mall but also a marketplace where people can purchase varied items from hundreds of sellers. Konga has raised $78.5 million over 4 rounds of fund raising.

IrokoTV

This is probably the most publicised startup in Nigeria with lots of PR love. Started by Jason Njoku as a Youtube channel for collecting and showing Nigerian movies IrokoTV has pivoted to serving local movies and series via its own mobile app.

IrokoTV has raised millions of dollars from investors mainly Tiger Global and the last reported fundraise was for $8 million.

Paga

Founded by Tayo Oviosu, Paga says it currently serves over 3 million users and has over 8000 agents across the country. Paga is a payment company that allows convenient, fast and easy transaction through sms or online in a very secure way. This is because transactions require a pin code. One of the investors in Paga is Arunma Oteh, the former head of NSE. Paga also works in partnership with telecoms company such as MTN, glo, airtel and etisalat. So far, about 6.6 million transactions have been processed. Paga also recently raised $13 million at an undisclosed valuation.

The full list: http://nairabrains.com/2015/10/19-most-valuable-online-technology-startups-in-nigeria-in-2015/

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