Loni Prinsloo / Bloomberg:

African e-commerce company Jumia raised $50M, including ~$25M from the World Bank; its US-listed shares are down from $60+ in 2021 to $6, valuing Jumia at $743M  —  Jumia Technologies AG secured $50 million in fresh equity funding from its biggest shareholder and the World Bank's International Finance Corp …

Loni Prinsloo / Bloomberg:

African e-commerce company Jumia raised $50M, including ~$25M from the World Bank; its US-listed shares are down from $60+ in 2021 to $6, valuing Jumia at $743M  —  Jumia Technologies AG secured $50 million in fresh equity funding from its biggest shareholder and the World Bank's International Finance Corp …

Source: TechMeme
Source Link: https://www.techmeme.com/260812/p16#a260812p16