Rocket Internet-Backed Jumia Raises $150M For Its African E-Commerce Business

Rocket Internet-backed Jumia is in the money today, after the Africa-based e-commerce company announced it has raised €120 million ($150 million) in new funding. The company confirmed that the round values it at €445 million ($555 million).

Jumia sells a range of products, from clothes, to electronics, cosmetics and even alcohol. It is active in nine African markets — Cameroon, Egypt, Ghana, Ivory Coast, Kenya, Morocco, Nigeria, Uganda, and Tanzania — and also the UK.

Read more: Rocket Internet-Backed Jumia Raises $150M For Its African E-Commerce Business | TechCrunch.

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