Online retailer, Jumia, has raised $35 million in
fresh funding to expand its domestic market and move into a new 90,000 square foot warehouse in Lagos.

The funding, secured from Millicom, will be shared between Jumia and its partners Kaymu, Vamido and Hellofood.

Jumia, which clocked one year over the weekend, is the fourth most visited website in the country.

It has served 500,000 customers in the country from inception to date.

Raphael Afaedor, co-founder of Jumia said the
firm offers youth in the country great
employment opportunities.

“We started with three employees building up an e-commerce platform in Nigeria,” he said.

“Now, we have more than 500 employees and offer Nigerian’s youth great opportunities to work in one of the leading e-commerce companies in Africa.

“Jumia delivers the widest range of products in
the country and our new warehouse allows us to even grow further. We focus every day on
delivering a fantastic shopping experience for our customers – fast, secure and stress-free.”

Jumia announced a new partnership with
Mastercard, which will enable it to use the
company’s Internet Gateway Service to make
credit card payments safer and easier for its
users.

The online retailer is also entering exclusive
partnerships with high-profile technology
companies such as Dell, Intel and Nokia, which
will give the retailer access to exclusive products and some knock-down prices.

Besides Nigeria, Jumia is also active in Egypt and Morocco, and it’s likely that expansion will
continue with this fresh injection of funding.

[url]telegraphng.com/2013/06/jumia-raises-35m-for-expansion/[/url]

frontpage mods
these guys are trying

There prices are very high compare to other company selling same products with them.