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Jumia Running At Loss, May Have A New Owner Soon - Business - Nairaland

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Jumia Running At Loss, May Have A New Owner Soon by Anaboy: 10:48am On Mar 19, 2018
Popular e-commerce platform, Jumia, could have a new owner soon, as its parent company, Rocket Internet is considering floating it through an Initial Public Offer (IPO).

This is coming few months after Jumia’s major competitor Konga was acquired by Zinox after a month-long negotiation with major investors, Naspers and AB Kinnevik. Also recently online classified ads platform OLX also announced it is shutting down operations in Nigeria.
Why the sale?
The IPO is in line with Rocket’s mode of exit from mature portfolio companies. HelloFresh, in November last year was IPO’d on the Frankfurt Stock Exchange in a deal valued at €1.7 billion. Deliveryhero, another company was listed on the Frankfurt Stock Exchange at a valuation of €994 million.

Jumia is yet to attain profitability since its creation. The company made a loss of €81 million according to a 9M 2017 investor presentation by Rocket.

Source : https://www.millitime.com/jumia-running-at-loss-may-have-a-new-owner-soon/

Re: Jumia Running At Loss, May Have A New Owner Soon by chrisbaxtian(m): 12:35pm On Mar 19, 2018
Anaboy:
Popular e-commerce platform, Jumia, could have a new owner soon, as its parent company, Rocket Internet is considering floating it through an Initial Public Offer (IPO).

This is coming few months after Jumia’s major competitor Konga was acquired by Zinox after a month-long negotiation with major investors, Naspers and AB Kinnevik. Also recently online classified ads platform OLX also announced it is shutting down operations in Nigeria.
Why the sale?
The IPO is in line with Rocket’s mode of exit from mature portfolio companies. HelloFresh, in November last year was IPO’d on the Frankfurt Stock Exchange in a deal valued at €1.7 billion. Deliveryhero, another company was listed on the Frankfurt Stock Exchange at a valuation of €994 million.

Jumia is yet to attain profitability since its creation. The company made a loss of €81 million according to a 9M 2017 investor presentation by Rocket.

Source : https://www.millitime.com/jumia-running-at-loss-may-have-a-new-owner-soon/


something is terribly wrong with the e-commerce Industry!

3 Likes

Re: Jumia Running At Loss, May Have A New Owner Soon by polimaf(m): 12:39pm On Mar 19, 2018
The Ecommerce space in Nigeria is not good enough yet. These companies spend millions of dollars everyday on advert, yet no profit.
Re: Jumia Running At Loss, May Have A New Owner Soon by nairabacks(f): 12:59pm On Mar 19, 2018
Nigerians are the problem.

1 Like

Re: Jumia Running At Loss, May Have A New Owner Soon by chrisbaxtian(m): 1:00pm On Mar 19, 2018
nairabacks:
Nigerians are the problem.
how?

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