Africa Internet Group Receives €75M Equity Investment from Orange

aig-logoAfrica Internet Group, an African e-commerce platform, received a €75m equity investment from telecommunications operator Orange.

The deal is part of a larger partnership to accelerate the growth of the company and seize development opportunities on the continent. Orange will become a shareholder of Africa Internet Group alongside existing shareholders MTN, Rocket Internet, Millicom, AXA and Goldman Sachs.

Led by Sacha Poignonnec and Jeremy Hodara, founders and co-CEOs, Africa Internet Group operates Jumia, Africa’s leading online e-commerce platform that allows consumers in 11 countries to buy fashion items, consumer electronics, home appliances, etc., and other ecommerce platforms including Kaymu (shopping community), hellofood (food delivery), Jovago (hotel booking) and classified ads Vendito (general merchandise), Lamudi (real estate), Everjobs (jobs) and Carmudi (vehicles).



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