Annette's reported annual income is about $70 - 79,999; with a net worth that tops $100,000 - $249,999. 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. Konga officially launched its third-party retail platform in the first half of 2014. After leaving the South African Rand Merchant Bank, he moved to Nigeria and became Google’s head for Africa. Former Nigerian International football player, Joseph Micheal Yobo, had a great 2020. 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. Jumia decided to position itself from the beginning as a regional leader, it paid-off. Sim Shagaya Biography: Age, Net Worth & Pictures Sim Shagaya is a popular Nigerian business mogul born in 1975. Back to the "who came first, the egg or the chicken?" 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. Joseph Yobo. Konga Online Shopping. 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. The whole thing about KONGA being the most trusted online mall is a very big lie, it is a sham! Awards and Recognition of Konga Founder. Konga on its side decided to focus on its e-commerce activity and to exclusively invest in vertical integration with logistics and payments (KongaPay). In this post we list top 10 richest women in Nigeria and their net worth this 2021. Very early in its young start-up life, Jumia started diversifying trying to be present in as many different markets as possible. Ads: Get Admission into 200 Level and Study any Course in any University of Your Choice. Justin Bieber, named Justin Drew Bieber from birth, born in the year 1994 of March 1st. Let's get this party started! Awesome Kong net worth is. In April 2015, when Konga raised $40m from Naspers in Series C, it recorded a record valuation of $200 million. Sim Shagaya was born on the 2nd of April, 1975 in Nigeria and he studied in the Nigerian Military School. We will first talk about who is Justin Bieber. For more information, see our Cookie Policy. 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). 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. Both created in 2012, they have been competing from the beginning for the market leading position. 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. 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.. Also, his major sponsors include 2K Sports, Hulu, and Nike. 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). Also, in this article, you shall learn about his net worth. However, if you find this article useful please don’t forget to share it with your friends. 5% Annette's Reputation Score is (5%) Below the National Average. ADS! HURRY!!! Test your skills, collect your friends, and pick up the presents for a chance to win some amazing prizes. He’s a known Canadian pop singer and songwriter and also an … And he is a Nigeria. Over the year 2017, we also saw AXA insurance products specially designed for e-commerce appearing on Jumia (smartphone insurances for instance). You are about to know. How come two companies closely competing on their main market (Nigeria) can show such different signals at the same time? In 2017, Naspers put an additional $13.5 million in Konga. What Deal to Expect From Konga 2021 Black Friday . He is estimated to have a net worth of over $100 million. The three companies have a significant footprint in Africa and want to take part of the digitization of the continent. #Africa #ecommerce, This website uses cookies to improve service and provide tailored ads. Its headquarters is in Gbagada, Lagos State. La Konga net worth, income and Youtube channel estimated earnings, La Konga income. Two years later, he founded Konga.com with capital from Kinnevik. Here is the fact about Justin Bieber’s Net Worth, and before we discuss more details. Also, he is 43 years. He is atelnetd singer with diverse style and also the CEO of Funky Monkey Entertainment. => 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. Rene B. Konga is listed as an Agent with Splendid Transcare LLC in Texas. Konga Founder Net Worth 2020: Maybe you have heard about Konga, but how much do know about the owner? And it started with 20 staff. Also, he is the executive chairman of DealDey. Thanks for reading along. In 2005, he founded E-Motion, a Lagos-based billboard advertising business. Unfortunately, a few months after round, the Nigerian e-commerce giant was … Other family members and associates include Keith Konga, Wayne Konga, Wayne Konga and Anthony Philo. There are six sections on our website analysis reports. Since impairment is a reduction in the value of an asset, this put Naspers’ stake to be worth around $141.947 million as at 2016. By using this site, you agree to this use. 0 28 . The company is a Texas Limited-Liability Company, which was filed on September 13, 2017. On May 1, 2018, Konga was merged with Zinox’s retail outfit: Yudala, forming the biggest e-commerce and retail company in Africa. 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. 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 … Select Accept cookies to consent to this use or Manage preferences to make your cookie choices. Also, the company has a logistics service (KXPRESS). $900M. We and third parties such as our customers, partners, and service providers use cookies and similar technologies ("cookies") to provide and secure our Services, to understand and improve their performance, and to serve relevant ads (including job ads) on and off LinkedIn. Konga Founder Net Worth 2020. They retained the brand name Konga. Also, he is known for Konga and DealDey. Read More » ... Jay Chou Net Worth; Close. And have been active as an entrepreneur from 2005 to present. Finally to cover the full range of e-commerce, Kaymu was created as a C2C integrated marketplace. Some of Sim Shagaya’s notable awards include: Sim Shagaya is one of the most successful internet entrepreneurs in African and was listed among the 10 Most Powerful Men in Africa. 5 % annette 's Reputation Score is ( 5 % ) Below the Average! Last investments in 2015, when Konga raised $ 40m from Naspers in Series C, it paid-off 13 2017! 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