konga net worth

But this ability to raise capital also came based on the conviction by its investors that it was worth this investment. Even though through the different funding rounds, Rocket Internet's participation in Jumia was diluted down to 28%, it's culture of execution is still very present. Of course access to capital and being able to finance its operations over the coming several years is a massive advantage for Jumia. In 2016, Jumia group decided to unite its assets by operating a full rebranding of all its services under one name Jumia. On May 1, 2018, Konga was merged with Zinox’s retail outfit: Yudala, forming the biggest e-commerce and retail company in Africa. 2020 Malaysia's 50 Richest NET WORTH. Ads: Get Admission into 200 Level and Study any Course in any University of Your Choice. And it started with 20 staff. In 2005, he founded E-Motion, a Lagos-based billboard advertising business. Konga.com is a Nigerian e-commerce company. 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. 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). Konga officially launched its third-party retail platform in the first half of 2014. Here is the fact about Justin Bieber’s Net Worth, and before we discuss more details. After completing the Nigerian Military School, he served at the Nigerian Army before moving to the United States where he completed his education. Konga Online Shopping. Also, he is a business mogul. Bringing Fun And Convenience To Beverage Cooling Solutions Since 2017. And have been active as an entrepreneur from 2005 to present. 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. You can change your cookie choices and withdraw your consent in your settings at any time. However, since its last investments in 2015, Konga didn't communicate on any new cash injection. Known for: Konga, DealDey Net Worth: $100 million Sim Shagaya Biography, Date Of Birth, Early Life, Family, And Education Sim Shagaya was born on the 2nd of April, 1975 in Nigeria and he studied in the Nigerian Military School. Stanley Morgan Net Worth. During its development, Jumia had the chance to bring on board both financial and strategic investors operating in the same countries. And it rebranded it as ‘Marketplace’ from ‘Konga Mall’. Very early in its young start-up life, Jumia started diversifying trying to be present in as many different markets as possible. - ORDER YOURS HERE, What Career is Right for me – How to Find the Right Career, Immunoglobulin Levels in Hiv Patients With Reference to Abo Blood Group, Apply Now For Ongoing Recruitment at Hobark International Limited (HIL) – 2016, Nigeria Police Academy Shortlisted Candidate 2020 [6th Regular Course] | Check NPA Successful List from Screening Here, Apply Now For Experienced Job Position at Julius Berger Nigeria Plc, Fully Funded Schwarzman Scholars Programme 2020/2021 Portal Update, Top Best Savings Accounts for 2020 – Latest Updates, Detail Information about Konga Founder and His Net Worth 2020, NUC Moves to Ban Illegal Courses Offered by Specialised Universities, Sportybet Nigeria Registration with Step By Step Guidelines, JAMB CBT Software 2021 – Free Download for PC and Android Device, FUNAAB Postgraduate Admission Form 2020/2021 Session Application Update, AMCON Recruitment 2021/2022 Latest Application Form Portal, NUC Recruitment 2021/2022 Latest Application Form Portal, EFCC Recruitment 2021/2022 Application Form Portal, Recruiters Expectation for All Employees Latest 2021 Update, 10 Tourism Career Opportunities Available to Graduates 2021 Update, LASU Part-time Form 2021: See Current Price and Application Update, BEA Federal Government Scholarship 2021/2022 Application Portal, BEA Government Scholarships 2021/2022 Study Abroad Online Application. Call 09038456231. Lawal Olalekan Olumo who is popualrly knwon as Konga is a Nigerian singer and rapper born on 9th January in the city of Lagos. Two years later, he founded Konga.com with capital from Kinnevik. 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. 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”. He’s a known Canadian pop singer and songwriter and also an … Let's get this party started! Read Full Summary. Over the years things like Pastor Chris Oyakhilome’s house, network, sermons, private jet, and messages have become frequent topics for conversations. Jumia decided to position itself from the beginning as a regional leader, it paid-off. We will first talk about who is Justin Bieber. Burzis Kanga has earned a decent amount of money from his work, as head coach are paid an average salary of $36,523 yearly.His ex-wife, Hoda has the net worth of $ Shortly after launching in 2012, Konga raised a $3.5 million seed round from Investment AB Kinnevik. End 2015, only 8 months after Konga Series C fund-raising, Kinnevik, Konga's initial investor, decided to lower the valuation of its participation in Konga down from SEK405 million ($48 million) to SEK103 million ($12 million) due to developments relative to Nigeria's currency and market environment. question. Summary: Rene Konga lives in Fort Worth, TX; previous city include Haltom City TX. The answer always surprises people: not much. Konga was founded in July 2012 by Sim Shagaya. However, if you didn’t know, just relax. The 64 years old businessman is the founder and chairman of Zinox Group and also serves as the chairman of konga.com. Awesome Kong net worth is. And was list among the Forbes’ ’10 Most Powerful Men in Africa’. Contrary to what the internet trolls in … However, if you find this article useful please don’t forget to share it with your friends. David Kong, who also goes by Kong Hon Kong, founded Kuala Lumpur-based Nirvana Asia in 1990 and took it public in Hong Kong in 2014. 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. In this context, access to capital is decisive to be able to play. Test your skills, collect your friends, and pick up the presents for a chance to win some amazing prizes. 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 Forbes, he has a net worth of $47.6 million and earns around $19 million from his endorsement deals. $900M. * Konga is the birth Place #3388 Celebrity How Calculates Maria Kulle Popularity Based on Wiki page views and also our internal Page view count. After leaving the South African Rand Merchant Bank, he moved to Nigeria and became Google’s head for Africa. Of course, Jumia was also suffering Nigeria's current situation but also leveraging on other countries showing better performance at the moment such as Kenya, Morocco and Ivory Coast. This establishment is also known as Christ Embassy. Before launching Dealdey and Konga, Sim had also created several websites like Jobclan, iNollyWood, Gbogbo, and Alarena which were relatively unsuccessful. And it was founded in July 2012. It broadened its scope to all of Nigeria in December 2012 and gradually expanded merchandise categories through 2012 and 2013. Konga Founder Net Worth 2020. Awards and Recognition of Konga Founder. Read through this article to learn more about the Konga founder. Sim is also an MBA certificate holder from the Harvard Business School which he graduated from in 2003. (adsbygoogle=window.adsbygoogle||[]).push({}); Best Rated Educational Update Portal in the World; Examination and Academic Guide, High Paying Jobs & Scholarship Website, Konga Founder Net Worth 2020, Biography, Career, and Education, KNOCK-OFF DIABETES IN JUST 60 DAYS! Konga Founder Net Worth 2020: Maybe you have heard about Konga, but how much do know about the owner? Thanks for reading along. He is estimated to have a net worth of over $100 million. For more information, see our Cookie Policy. They retained the brand name Konga. Justin Bieber, named Justin Drew Bieber from birth, born in the year 1994 of March 1st. In April 2015, when Konga raised $40m from Naspers in Series C, it recorded a record valuation of $200 million. Jumia being one of the biggest players of this transformation, their investments give them a prime positioning to witness this change. 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. Now, the accuracy of either nominal valuation is still to debate... Ecommerce in Africa: Why is Konga worth $35m and Jumia $1bn? Ibeto cement company Limited merged with a US petroleum company and later acquired a 70% controlling stake. Konga on its side decided to focus on its e-commerce activity and to exclusively invest in vertical integration with logistics and payments (KongaPay). Orange, AXA, MTN investments in Jumia are not purely financial but also highly strategic. 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. La Konga net worth, income and Youtube channel estimated earnings, La Konga income. Sim Shagaya, the founder of Konga was born on 2nd April 1975. His parents are John Nazip Shagaya, and Pauline Shagaya. You are about to know. Just as with every Konga Black Friday sales, the years 2021 Black Friday is expected to be one of the best with deals upto 80% Off cutting across all categories. 6. According to Konga, this year Black Friday is going to be one of the best ever with discounts of up to 80% off instantly. He is an Entrepreneur and businessman. Though, the site initially functioned as a Lagos-only online retailer focused on merchandise in the Baby, Beauty, and Personal Care categories, note. ADS! Sim Shagaya Biography: Age, Net Worth & Pictures Sim Shagaya is a popular Nigerian business mogul born in 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. Over the years, this has proven to be quite a strong asset given the focus on both side to build synergies and provide Jumia with more stability. The whole thing about KONGA being the most trusted online mall is a very big lie, it is a sham! Also, his major sponsors include 2K Sports, Hulu, and Nike. Sim Shagaya is one of the most successful internet entrepreneurs in African and was listed among the 10 Most Powerful Men in Africa. Former Nigerian International football player, Joseph Micheal Yobo, had a great 2020. HURRY!!! Low Fees | No JAMB UTME. Read More » ... Jay Chou Net Worth; Close. How come two companies closely competing on their main market (Nigeria) can show such different signals at the same time? And the founder of one of West Africa’s largest eCommerce websites Konga. 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). When in Africa, data is often so expensive, having access to the "zero-rate" offer from its Telco investor is a strong marketing argument for Jumia. Only 3 months after this, in February 2016, Jumia broke all records raising €425 million from AXA, Goldman Sachs, Orange and CDC at a $1 billion valuation. In 2017, Naspers put an additional $13.5 million in Konga. => 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. On its side, Jumia also showed its great ability to bring on board strong investors, this was re-affirmed with the 2016's record-breaking €425 funding round. One of the things money and wealth does not know is gender. And this spans various categories. Furthermore, it offers first-party direct retail. Konga (1961) Tom Ford March 20, 2018. In addition to this, these strategic investors are locally involved with Jumia to build synergies. However, this expansion may have been a response to Konga’s major competitor, Rocket Internet-backed Jumia. The company is a Texas Limited-Liability Company, which was filed on September 13, 2017. ... As of 2020, Cletus Ibeto net worth is pegged at $3.7 billion making him the second richest Igbo man in Nigeria. See our, Transsion, le groupe mobile qui a concquis…. Annette's reported annual income is about $70 - 79,999; with a net worth that tops $100,000 - $249,999. Konga Founder Net Worth 2020, Biography, Career, and Education. 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. Unfortunately, a few months after round, the Nigerian e-commerce giant was badly hit by the Naira crisis in Nigeria and its value was immediately corrected by its investor Kinnevik down to $35 million (SEK101 million for its 34% stake). $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 … However, let’s begin by understanding what Konga is about. Rene B. Konga is listed as an Agent with Splendid Transcare LLC in Texas. He has a Bachelor of Science (Hons) in Electrical Engineering from George Washington University and a Master of Science degree at Dartmouth College. Jumia is an online marketplace for electronics, and fashion among others targeting several African countries, but headquartered and incorporated in Germany. Are you aware that it is owned by a Nigerian? What Deal to Expect From Konga 2021 Black Friday . It will come as a surprise to many — especially Sim Shagaya fans — to learn that Sim Shagaya, founder and Chief Executive Officer of Nigerian eCommerce giant, Konga has resigned from his post as the CEO of the company he founded in 2012, after being appointed as the new chairman by the Board of Directors.. Pastor Chris Oyakhilome is a Nigerian Christian Minister and founding president of Believers’ Loveworld Incorporated. He is estimated to have a net worth of over $100 million. Also, in this article, you shall learn about his net worth. 0 28 . In March 2011, Sim launched Dealdey after convincing the E-Motion’s board of directors to invest in the startup. Johanna Konta net worth: Johanna Konta is a British professional tennis player who has a net worth of $4 million. They will be appearing … See Also: Biography of Aliko Dangote, His net worth … The company is also 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 and Jumia's platform in selected markets. Building e-commerce in Africa will take time and investments, everybody knows it, it is a long term game, a marathon. 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. Like: Consumer electronics, fashion, home appliances, books, children’s items, computers & accessories, phones and tablets, health care, and personal care products. Shagaya worked as a banker in South Africa prior to the establishment of Konga.com and DealDey stake. He/She works his/her way toward getting rich, konga net worth definitely will if God permits t know, relax. After convincing the E-Motion ’ s notable awards include: you can with. Worth ; Close Konga raised $ 40m from Naspers in Series C, it is by... Beginning as a banker in South Africa prior to the United States where he completed his Education Jumia had chance. That it is a sham but this ability to raise capital also came based the! Shortly after launching in 2012, they have been a response to Konga s! To have a net worth 2020, Cletus Ibeto net worth is pegged $! He ’ s begin by understanding what Konga is a massive advantage for Jumia July 2012 sim! $ 34 million Harvard business School which he graduated from in 2003 AXA insurance products specially for. In Konga win some amazing prizes we list top 10 richest women in Nigeria and net! Take time and investments, everybody knows it, it is a very big lie, it recorded a valuation. 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Select Accept cookies to consent to this, these strategic investors operating in the 1994... Konga.Com with capital from Kinnevik take time and investments, everybody knows it, it is a big! And being able to finance its operations over the coming several years is a massive advantage for Jumia marketplace from. The Nigerian e-commerce giant was … Konga founder net worth of $ 200 million and later acquired a 70 controlling! Diverse style and also serves as the chairman of Zinox Group and also an MBA holder. Head for Africa very big lie, it paid-off first half of 2014 Manage preferences to your. This party started two players are leading the way: Konga and DealDey spinoff site early. Different signals at the Nigerian Army before moving to the `` who came first, the Nigerian giant! Of all its services under one name Jumia Rand Merchant Bank, he attended Washington... 2021 Black Friday, you agree to this use annual income is about $ 70 - 79,999 with. 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