However, let’s begin by understanding what Konga is about. Maria Kulle Net worth 6. Former Nigerian International football player, Joseph Micheal Yobo, had a great 2020. Justin Bieber, named Justin Drew Bieber from birth, born in the year 1994 of March 1st. Its headquarters is in Gbagada, Lagos State. ... As of 2020, Cletus Ibeto net worth is pegged at $3.7 billion making him the second richest Igbo man in Nigeria. Here Konga also showed a strong capacity to convince both its investors Kinnevik and Naspers who invested each $35 million and $67 million between 2012 and 2015.This is a real success and place them on the podium of the largest African VC rounds. He is estimated to have a net worth of over $100 million. “How much money do YouTubers make?” We get this question a lot. question. Other family members and associates include Keith Konga, Wayne Konga, Wayne Konga and Anthony Philo. Kanga Coolers - The Kase Mate Is The No Ice, Keep The Case, Cooler. Especially at the beginning, Jumia was able to benefit from it, leverage on it to recruit top talents and transmit this culture of high speed and quality execution. In 2016, Jumia group decided to unite its assets by operating a full rebranding of all its services under one name Jumia. Annette's reported annual income is about $70 - 79,999; with a net worth that tops $100,000 - $249,999. Read through this article to learn more about the Konga founder. Contrary to what the internet trolls in … Entrepreneur of the Year in the 2013 CNBC/All Africa Business Leaders Award in West Africa. Also, he attended George Washington University, Dartmouth College, and Harvard Business School. Finally to cover the full range of e-commerce, Kaymu was created as a C2C integrated marketplace. Jumia being one of the biggest players of this transformation, their investments give them a prime positioning to witness this change. He is estimated to have a net worth of over $100 million. Over the year 2017, we also saw AXA insurance products specially designed for e-commerce appearing on Jumia (smartphone insurances for instance). Read More » ... Jay Chou Net Worth; Close. Ads: Get Admission into 200 Level and Study any Course in any University of Your Choice. This move highlights what is probably the biggest asset of Jumia: the capacity to build a 360 degree ecosystem covering all the biggest markets addressable online. Awards and Recognition of Konga Founder. And this spans various categories. Shortly after launching in 2012, Konga raised a $3.5 million seed round from Investment AB Kinnevik. Why is that? Here is the fact about Justin Bieber’s Net Worth, and before we discuss more details. Shagaya is the founder and CEO of Konga.com, Nigeria’s largest online shopping portal and DealDey spinoff site. Sim Shagaya is a Nigerian entrepreneur. Sim Shagaya, the founder of Konga was born on 2nd April 1975. Only 3 months after this news, Jumia announced its new funding round at $325 million bringing its valuation up to $1 billion while Nigeria was at the time Jumia's largest market. Investopedia defines impairment loss as the decrease in an asset’s net carrying value that exceeds the future undisclosed cash flow it should generate. Sim Shagaya worked as a banker in South Africa prior to the establishment of Konga.com and DealDey. However, the male folks […] In Conclusion, building an ecosystem, securing a geographical diversification, leveraging on its strategic investors and having secured consequent access to capital is according to me what explains the huge difference between the current valuations of two biggest e-commerce players. One example of this is Orange starting to sell mobile devices on Jumia and also helping Jumia acquire new customers in some countries enabling all Orange users to access for free the Jumia app. The address on file for this person is 1841 Greenfield Ave., Fort Worth, TX 76102 in Tarrant County. konga.com Website Analysis You can find the website value, revenue, visits & pageviews estimates, Alexa Traffic Rank & charts, and Worth Of Web Rank for konga.com on this page. According to Konga, this year Black Friday is going to be one of the best ever with discounts of up to 80% off instantly. There are six sections on our website analysis reports. For more information, see our Cookie Policy. After leaving the South African Rand Merchant Bank, he moved to Nigeria and became Google’s head for Africa. He is atelnetd singer with diverse style and also the CEO of Funky Monkey Entertainment. According to Sim, his primary goal of establishing Konga.com was to “aggregate the youngest and fastest-growing market that was dispersed, under-served and traditional retailers were simply failing to reach”. Like: Consumer electronics, fashion, home appliances, books, children’s items, computers & accessories, phones and tablets, health care, and personal care products. => FOLLOW US ON INSTAGRAM | FACEBOOK & TWITTER FOR LATEST UPDATES, => CHAT WITH OUR REPRESENTATIVE RIGHT NOW, Tags: and Education, Awards and Recognition of Konga Founder, Biography, Career, Detail Information about Konga Founder and His Net Worth 2020, Konga Founder Net Worth 2020, Social Media Handles of Konga Founder. They retained the brand name Konga. Konga on its side decided to focus on its e-commerce activity and to exclusively invest in vertical integration with logistics and payments (KongaPay). According to Forbes, he has a net worth of $47.6 million and earns around $19 million from his endorsement deals. Orange, AXA, MTN investments in Jumia are not purely financial but also highly strategic. A few months after the launch of the e-commerce platform Jumia in 2012, Hellofood, a food delivery service was launched, then came several classified websites for housing (Lamudi), cars (Carmudi) and jobs (Everjobs). Very early in its young start-up life, Jumia started diversifying trying to be present in as many different markets as possible. Thanks for reading along. However, if you find this article useful please don’t forget to share it with your friends. Kanga is a company owned by five college friends: Logan LaMance, Austin Maxwell, Ryan Frazier, Kyle Self and Teddy Giard. He’s a known Canadian pop singer and songwriter and also an … Jumia decided to position itself from the beginning as a regional leader, it paid-off. Awesome Kong net worth is. They will be appearing … However, since its last investments in 2015, Konga didn't communicate on any new cash injection. Also, he is a business mogul. The Rocket Internet's unique functioning (building at the same time similar businesses in different countries) enabled it to acquire very fast a knowledge few ever had: knowing how to build faster than anyone internet companies in emerging economies. What Deal to Expect From Konga 2021 Black Friday . Konga Online Shopping. Okay they have the so called "8 days return policy" which Is a trick to get people into trusting them, I got a phone worth N65,800 from a seller via konga, the phone started … The company is a Texas Limited-Liability Company, which was filed on September 13, 2017. Leadership CEO of the Year in 2014 The Leadership Conference/Awards. And it started with 20 staff. Sim Shagaya Biography: Age, Net Worth & Pictures Sim Shagaya is a popular Nigerian business mogul born in 1975. This was the largest VC round ever done in Africa and made Jumia the very first unicorn of the continent. In this context, access to capital is decisive to be able to play. In 2017, Naspers put an additional $13.5 million in Konga. 5% Annette's Reputation Score is (5%) Below the National Average. Back to the "who came first, the egg or the chicken?" Furthermore, it offers first-party direct retail. #Africa #ecommerce, This website uses cookies to improve service and provide tailored ads. Unfortunately, a few months after round, the Nigerian e-commerce giant was … We will first talk about who is Justin Bieber. Also, it offers a third-party online marketplace. $1.6 Million Awesome Kong Wiki: Salary, Married, Wedding, Spouse, Family Kia Michelle Stevens (born September 4, 1977) who is better known by her ring names Amazing Kong, Awesome Kong and Kharma is an American professional … Also, the company has a logistics service (KXPRESS). Jumia is an online marketplace for electronics, and fashion among others targeting several African countries, but headquartered and incorporated in Germany. Konga.com is a Nigerian e-commerce company. What is your Konga comic book worth? Bringing Fun And Convenience To Beverage Cooling Solutions Since 2017. In Nigeria, today's largest market for African e-commerce, two players are leading the way: Konga and Jumia. The three companies have a significant footprint in Africa and want to take part of the digitization of the continent. See Also: Biography of Aliko Dangote, His net worth … By using this site, you agree to this use. His parents are John Nazip Shagaya, and Pauline Shagaya. You are about to know. Regardless if someone is a male or female, if he/she works his/her way toward getting rich, he/she definitely will if God permits. They understand Africa, the fact that building e-commerce will be a long-term game and they are ready to accept temporary setbacks (for instance Nigerian and Egyptian tough economy context in 2015/2016). He is an Entrepreneur and businessman. And it was founded in July 2012. Also, he is the executive chairman of DealDey. Low Fees | No JAMB UTME. Over the years things like Pastor Chris Oyakhilome’s house, network, sermons, private jet, and messages have become frequent topics for conversations. Johanna Konta was born in Sydney, New South Wales, Australia in May 1991. However, if you didn’t know, just relax. Pastor Chris Oyakhilome is a Nigerian Christian Minister and founding president of Believers’ Loveworld Incorporated. 0 28 . Are you aware that it is owned by a Nigerian? Konga officially launched its third-party retail platform in the first half of 2014. Also, he is 43 years. During its development, Jumia had the chance to bring on board both financial and strategic investors operating in the same countries. Also, in this article, you shall learn about his net worth. The 64 years old businessman is the founder and chairman of Zinox Group and also serves as the chairman of konga.com. In a lengthy process that took into account West's debt, assets and expenses, Forbes calculated the rapper's net worth as close to $1.3 billion — $300 million more than his 22 … This diversification was both horizontal and vertical: in order to support their business, Jumia decided from day 1 to develop a proprietary logistics platform to store products, prepare packages and even operate last mile delivery (AIG Express). Sim Shagaya is one of the most successful internet entrepreneurs in African and was listed among the 10 Most Powerful Men in Africa. In this post we list top 10 richest women in Nigeria and their net worth this 2021. The main reason why, at the same moment, Jumia managed to close a glorious up-round while Konga got his valuation divided by 4, is that Jumia was already present in 23 countries. Of course access to capital and being able to finance its operations over the coming several years is a massive advantage for Jumia. La Konga net worth, income and Youtube channel estimated earnings, La Konga income. The whole thing about KONGA being the most trusted online mall is a very big lie, it is a sham! In April 2015, when Konga raised $40m from Naspers in Series C, it recorded a record valuation of $200 million. $900M. Sim Shagaya is known as the founder of Konga.com, one of West Africa’s largest electronic commerce website and also the executive chairman of DealDey, a daily deal website. Even though each segment in each country may not be neither market leader nor worth a lot, added to the other services, they all participate of building a strong ecosystem and brand where everything can be found: a new phone, a used washing machine, a pizza for delivery or even an apartment to rent. 2020 Malaysia's 50 Richest NET WORTH. Ibeto cement company Limited merged with a US petroleum company and later acquired a 70% controlling stake. And the founder of one of West Africa’s largest eCommerce websites Konga. 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