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  • Writer's pictureAmr Mahmoud

Why Jumia's annual revenue is $149.6 Million.

Jumia is an online marketplace that enables users to shop for clothes, electronic appliances, beauty products, and fashion accessories.

Jumia is headquartered in Lagos, Lagos. Juliet Anammah is the CEO of Jumia. Jumia's IPO generated $196M. Jumia's main competitors are DealDey, Takealot Online, and Konga. As of August 2019. About Jumia Group Jumia is a leading online platform offering African consumers millions of products and services to help them save time and money. It was founded in 2012 with the belief that the Internet can improve people’s lives in Africa. Observing the challenges that people face every day (poor infrastructures, bad traffic, limited choice, limited information, expensive products and services just to name a few), we saw a huge opportunity to leverage the Internet and use it to connect people and provide them with a solution to fulfill their daily needs. Therefore, we embarked on the journey to build a company that has a very simple mission: expand your horizons.

Jumia is the leading pan-African e-commerce platform, present across 14 countries in Africa. Its mission is to improve the quality of everyday life in Africa by leveraging technology to deliver innovative, convenient and affordable online services to consumers while helping businesses grow as they use Jumia’s platform to better reach and serve consumers.

The Jumia platform consists of a marketplace, which connects sellers with consumers, a logistics service, which enables the shipment and delivery of packages from sellers to consumers, and a payment service, which facilitates transactions among participants active on the Jumia platform in selected markets. On the marketplace, more than 80,000 sellers offer a broad range of goods and on-demand services.

Jumia Logistics facilitates the delivery of goods in a convenient and reliable way, leveraging an extensive network of third-party logistics service providers, seamlessly integrated through the Jumia proprietary technology platform.

JumiaPay offers a safe and easy solution to facilitate online transactions on the Jumia platform, with the intention of integrating additional financial services in the future. So jumia reached annual revenue (149.6M) finally, the field of e-commerce now is trending and every offline business should be online to be connected with his customer To be special.

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