Overview: Today we’re going to talk about Jumia - The largest ecommerce player in Africa. We’ll discuss its founding, seminal points in its history, eventual 2019 IPO & Jumia's future outlook. This episode was recorded on May 3, 2020.
Companies discussed: Jumia, Africa Internet Holding (Africa Internet Group), Rocket Internet, Kasuwa, Sabunta, Konga, Naspers, Takealot, Kaymu (Jumia Travel), Hello Food (Jumia Food), Lamudi (Jumia House) & Carmudi (Jumia Cars)
Business concepts discussed: E-commerce, Payments, Logistics, Retail, Marketplaces, Revenue growth vs profitability, Stock short-selling & IPOs
Conversation highlights:
- (1:00) - E-Commerce and Retail context in African markets
- (2:20) - What is Jumia? Businesses, Numbers
- (4:35) - Jumia Founding and History
- (5:45) - Rocket Internet and Jumia
- (12:30) - Jumia Fundraising rounds and transition to Jumia Group
- (12:40) - Konga story relative to Jumia
- (15:50) - Jumia IPO
- (17:12) - Citron report, J-Force agents & returns
- (21:47) - Post IPO decline and lockup
- (23:20) - Shifting focus to Jumia Pay & Rocket Internet divestment
- (25:00) - Bankole’s overall thoughts and outlook
- (35:00) - Olumide’s overall thoughts and outlook
Olumide’s recommendations & small wins:
- Recommendation: Dangal (directed by Nitesh Tiwari)
- Recommendation: Upheaval (by Jared Diamond)
Bankole’s recommendations & small wins:
- Recommendation: The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution (by Gregory Zuckerman)
- Recommendation: The Halo Effect: ... and the Eight Other Business Delusions That Deceive Managers (by Philip M. Rosenzweig)
- Other content mentioned: Most popular sites in Nigeria (Alexa ranking)
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