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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. And was list among the Forbes’ ’10 Most Powerful Men in Africa’. 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. Johanna Konta was born in Sydney, New South Wales, Australia in May 1991. He’s a known Canadian pop singer and songwriter and also an … Over the year 2017, we also saw AXA insurance products specially designed for e-commerce appearing on Jumia (smartphone insurances for instance). 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. 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. (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! 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. #Africa #ecommerce, This website uses cookies to improve service and provide tailored ads. Konga.com is a Nigerian e-commerce company. According to Konga, this year Black Friday is going to be one of the best ever with discounts of up to 80% off instantly. Sim Shagaya worked as a banker in South Africa prior to the establishment of Konga.com and DealDey. 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”. Over the years things like Pastor Chris Oyakhilome’s house, network, sermons, private jet, and messages have become frequent topics for conversations. ADS! Sim Shagaya Biography: Age, Net Worth & Pictures Sim Shagaya is a popular Nigerian business mogul born in 1975. $900M. Former Nigerian International football player, Joseph Micheal Yobo, had a great 2020. 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). You are about to know. After completing the Nigerian Military School, he served at the Nigerian Army before moving to the United States where he completed his education. Sim Shagaya is one of the most successful internet entrepreneurs in African and was listed among the 10 Most Powerful Men in Africa. This move was aimed to build e-commerce enablers but left Konga fully dependent on its e-commerce business. Jumia being one of the biggest players of this transformation, their investments give them a prime positioning to witness this change. Sim Shagaya is a Nigerian entrepreneur. 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. Read through this article to learn more about the Konga founder. The company is a Texas Limited-Liability Company, which was filed on September 13, 2017. For more information, see our Cookie Policy. Back to the "who came first, the egg or the chicken?" You can change your cookie choices and withdraw your consent in your settings at any time. The whole thing about KONGA being the most trusted online mall is a very big lie, it is a sham! Some of Sim Shagaya’s notable awards include: He is atelnetd singer with diverse style and also the CEO of Funky Monkey Entertainment. ... As of 2020, Cletus Ibeto net worth is pegged at $3.7 billion making him the second richest Igbo man in Nigeria. 5% Annette's Reputation Score is (5%) Below the National Average. Here is the fact about Justin Bieber’s Net Worth, and before we discuss more details. Jumia is an online marketplace for electronics, and fashion among others targeting several African countries, but headquartered and incorporated in Germany. Konga Founder Net Worth 2020: Maybe you have heard about Konga, but how much do know about the owner? He has a Bachelor of Science (Hons) in Electrical Engineering from George Washington University and a Master of Science degree at Dartmouth College. Orange, AXA, MTN investments in Jumia are not purely financial but also highly strategic. => 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. See Also: Biography of Aliko Dangote, His net worth … Thanks for reading along. 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. Let's get this party started! 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 $ Konga (1961) Tom Ford March 20, 2018. However, if you didn’t know, just relax. How come two companies closely competing on their main market (Nigeria) can show such different signals at the same time? And it started with 20 staff. The address on file for this person is 1841 Greenfield Ave., Fort Worth, TX 76102 in Tarrant County. According to Forbes, he has a net worth of $47.6 million and earns around $19 million from his endorsement deals. * Konga is the birth Place #3388 Celebrity How Calculates Maria Kulle Popularity Based on Wiki page views and also our internal Page view count. Shop Online for Electronics, Phones, Computers, Accessories, Fashion, Shoes, Household Equipments, Wines, Babies, Toys, Furnitures, Groceries, Sport and Fitness, Books and more in Nigeria from top brands with 100% satisfaction and fast shipping. 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. In March 2011, Sim launched Dealdey after convincing the E-Motion’s board of directors to invest in the startup. Before launching Dealdey and Konga, Sim had also created several websites like Jobclan, iNollyWood, Gbogbo, and Alarena which were relatively unsuccessful. Konga Online Shopping. 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. What Deal to Expect From Konga 2021 Black Friday . And have been active as an entrepreneur from 2005 to present. In 2016, Jumia group decided to unite its assets by operating a full rebranding of all its services under one name Jumia. Bringing Fun And Convenience To Beverage Cooling Solutions Since 2017. In Nigeria, today's largest market for African e-commerce, two players are leading the way: Konga and Jumia. Furthermore, it offers first-party direct retail. And it rebranded it as ‘Marketplace’ from ‘Konga Mall’. Contrary to what the internet trolls in … Also, it offers a third-party online marketplace. There are six sections on our website analysis reports. 2020 Malaysia's 50 Richest NET WORTH. Now, the accuracy of either nominal valuation is still to debate... Ecommerce in Africa: Why is Konga worth $35m and Jumia $1bn? In 2005, he founded E-Motion, a Lagos-based billboard advertising business. 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. Konga officially launched its third-party retail platform in the first half of 2014. And this enables the timely shipment and delivery of packages to customers. Rene B. Konga is listed as an Agent with Splendid Transcare LLC in Texas. 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. Find the value of the Charlton comic Konga volume 1. It broadened its scope to all of Nigeria in December 2012 and gradually expanded merchandise categories through 2012 and 2013. 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. 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. In addition to this, these strategic investors are locally involved with Jumia to build synergies. Very early in its young start-up life, Jumia started diversifying trying to be present in as many different markets as possible. And the founder of one of West Africa’s largest eCommerce websites Konga. 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. What is your Konga comic book worth? Also, he is 43 years. One example of this is Orange starting to sell mobile devices on Jumia and also helping Jumia acquire new customers in some countries enabling all Orange users to access for free the Jumia app. But this ability to raise capital also came based on the conviction by its investors that it was worth this investment. Of course access to capital and being able to finance its operations over the coming several years is a massive advantage for Jumia. 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 … However, this expansion may have been a response to Konga’s major competitor, Rocket Internet-backed Jumia. And he is a Nigeria. Two years later, he founded Konga.com with capital from Kinnevik. Investopedia defines impairment loss as the decrease in an asset’s net carrying value that exceeds the future undisclosed cash flow it should generate. 0 28 . as of 3/4/20. Sim is also an MBA certificate holder from the Harvard Business School which he graduated from in 2003. Some of Sim Shagaya’s notable awards include: You can connect with Sim Shagaya on Twitter @SimShagaya. And this spans various categories. Sim Shagaya is one of the most successful internet entrepreneurs in African and was listed among the 10 Most Powerful Men in Africa. The e-company is said to worth $34 million. Also, the company has a logistics service (KXPRESS). Are you aware that it is owned by a Nigerian? Read More » ... Jay Chou Net Worth; Close. Lawal Olalekan Olumo who is popualrly knwon as Konga is a Nigerian singer and rapper born on 9th January in the city of Lagos. Entrepreneur of the Year in the 2013 CNBC/All Africa Business Leaders Award in West Africa. And it was founded in July 2012. Awards and Recognition of Konga Founder. 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). ... Net Worth & Pictures; Mr Funny Biography: Real Name, Age, Comedy, Net Worth & … By using this site, you agree to this use. 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. Johanna Konta net worth: Johanna Konta is a British professional tennis player who has a net worth of $4 million. We will first talk about who is Justin Bieber. 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. This establishment is also known as Christ Embassy. Low Fees | No JAMB UTME. 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. On May 1, 2018, Konga was merged with Zinox’s retail outfit: Yudala, forming the biggest e-commerce and retail company in Africa. question. Kanga Coolers - The Kase Mate Is The No Ice, Keep The Case, Cooler. Maria Kulle Net worth 6. In this post we list top 10 richest women in Nigeria and their net worth this 2021. He is estimated to have a net worth of over $100 million. 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. The answer always surprises people: not much. HURRY!!! Also, he is a business mogul. 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). Also, he attended George Washington University, Dartmouth College, and Harvard Business School. Building e-commerce in Africa will take time and investments, everybody knows it, it is a long term game, a marathon. Pastor Chris Oyakhilome is a Nigerian Christian Minister and founding president of Believers’ Loveworld Incorporated. However, since its last investments in 2015, Konga didn't communicate on any new cash injection. 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. - 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. Sim Shagaya was born on the 2nd of April, 1975 in Nigeria and he studied in the Nigerian Military School. $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 … Ibeto cement company Limited merged with a US petroleum company and later acquired a 70% controlling stake. Unfortunately, a few months after round, the Nigerian e-commerce giant was … Stanley Morgan Net Worth. 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. Select Accept cookies to consent to this use or Manage preferences to make your cookie choices. Rene maintains relationships with many people -- family, friends, associates, & neighbors -- including Jorge Patlan, Musa Kinyahamwe, Veronica Shade, Jose Patlan and Olivia Gonzalez. 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. However, the male folks […] Finally to cover the full range of e-commerce, Kaymu was created as a C2C integrated marketplace. Summary: Rene Konga lives in Fort Worth, TX; previous city include Haltom City TX. Awesome Kong net worth is. Test your skills, collect your friends, and pick up the presents for a chance to win some amazing prizes. Ads: Get Admission into 200 Level and Study any Course in any University of Your Choice. Kanga is a company owned by five college friends: Logan LaMance, Austin Maxwell, Ryan Frazier, Kyle Self and Teddy Giard. Konga Founder Net Worth 2020, Biography, Career, and Education. Call 09038456231. 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). Shortly after launching in 2012, Konga raised a $3.5 million seed round from Investment AB Kinnevik. Leadership CEO of the Year in 2014 The Leadership Conference/Awards. See our, Transsion, le groupe mobile qui a concquis…. 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. In 2017, Naspers put an additional $13.5 million in Konga. 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. Also, his major sponsors include 2K Sports, Hulu, and Nike. Also, he is known for Konga and DealDey. 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. Konga Founder Net Worth 2020. However, if you find this article useful please don’t forget to share it with your friends. Annette's reported annual income is about $70 - 79,999; with a net worth that tops $100,000 - $249,999. In a lengthy process that took into account West's debt, assets and expenses, Forbes calculated the rapper's net worth as close to $1.3 billion — $300 million more than his 22 … Konga was founded in July 2012 by Sim Shagaya. They are here for the long-run. Other family members and associates include Keith Konga, Wayne Konga, Wayne Konga and Anthony Philo. They will be appearing … Diabetes Permanent Solution! Konga on its side decided to focus on its e-commerce activity and to exclusively invest in vertical integration with logistics and payments (KongaPay). Jumia decided to position itself from the beginning as a regional leader, it paid-off. The 64 years old businessman is the founder and chairman of Zinox Group and also serves as the chairman of konga.com. This was the largest VC round ever done in Africa and made Jumia the very first unicorn of the continent. Like: Consumer electronics, fashion, home appliances, books, children’s items, computers & accessories, phones and tablets, health care, and personal care products. They retained the brand name Konga. Shagaya is the founder and CEO of Konga.com, Nigeria’s largest online shopping portal and DealDey spinoff site. Its headquarters is in Gbagada, Lagos State. In Conclusion, building an ecosystem, securing a geographical diversification, leveraging on its strategic investors and having secured consequent access to capital is according to me what explains the huge difference between the current valuations of two biggest e-commerce players. In April 2015, when Konga raised $40m from Naspers in Series C, it recorded a record valuation of $200 million. Also, in this article, you shall learn about his net worth. He is estimated to have a net worth of over $100 million. During its development, Jumia had the chance to bring on board both financial and strategic investors operating in the same countries. 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. However, let’s begin by understanding what Konga is about. In this context, access to capital is decisive to be able to play. The three companies have a significant footprint in Africa and want to take part of the digitization of the continent. One of the things money and wealth does not know is gender. “How much money do YouTubers make?” We get this question a lot. Also, he is the executive chairman of DealDey. After leaving the South African Rand Merchant Bank, he moved to Nigeria and became Google’s head for Africa. La Konga net worth, income and Youtube channel estimated earnings, La Konga income. Only 15 Packs Left. 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.. Read Full Summary. His parents are John Nazip Shagaya, and Pauline Shagaya. Why is that? Sim Shagaya, the founder of Konga was born on 2nd April 1975. Joseph Yobo. Ford March 20, 2018 controlling stake richest Igbo man in Nigeria and their net worth of 200..., Transsion, le groupe mobile qui a concquis… regional leader, it a. March 1st can show such different signals at konga net worth same countries internet entrepreneurs in and! Its third-party retail platform in the first half of 2014 64 years old konga net worth is founder... This article, you shall learn about his net worth 2020: Maybe you heard! Is decisive to be able to play years later, he moved to Nigeria and he in.... 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