Early investors in Jumia Technologies will get their first chance to sell shares since the company went public in April, when the company’s 180-day lock-up period expires on Wednesday.
Browsing: Retail and e-commerce
Richemont and Alibaba Group’s luxury joint venture has gone live in China, presenting 130 brands in one location on the Tmall e-commerce site.
Faulty payment systems, patchy network coverage, parking woes and unreliable customers are just a day in the life of a typical delivery driver for Jumia Technologies in Lagos.
The executives behind Wantitall and Parcelninja have launched a “global sourcing” e-commerce website promising half a million branded goods to South Africans at cheaper prices than available through other retailers.
Jumia Technologies has identified cases of improper transactions at the Africa-focused online retailer’s Nigeria business that amounted to as much as 4% of first quarter sales.
Bolt, the ride-hailing service formerly known as Taxify, said it has begun operating a food-delivery business in its native Estonia, and will launch in other European and African countries next year.
The JSE-listed technology giant is leading a $125-million (R1.9-billion) funding round in Indian “social commerce” marketplace Meesho in a bid to “kick-start e-commerce for the next 500 million online shoppers”.
South African payment service provider PayFast has been sold to Kenya’s DPO Group in a cash and shares deal. PayFast management, including MD Jonathan Smit, will become shareholders in the Nairobi-based company.
Jumia Technologies’ plan to expand its online retail and trading platform in less developed parts of Africa has long had one significant challenge: a lack of formal addresses for deliveries.
Tencent-backed grocery delivery start-up Missfresh is seeking new funds, according to people familiar with the matter, refilling its coffers as startup capital-raising gets tougher.