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Konga.com raises a fresh $40m in venture fund


Konga has raised $40 million new venture fund. This is the online platform’s largest yet.

It will be recalled that in January, Konga reportedly raised $25 million from Naspers and Kinnevik.

This new money we are told is to be channelled into the engineering department of the company. This is no doubt makes Konga an ecommerce giant in Nigeria. Nigeria has experienced a boom in online activities. You can refer to a piece I wrote on the 1st of October to mark this year’s independence anniversary.

Thus, industry watchers are expecting more sophisticated and robust technology from the online shopping platform.

Similar news has been heard of other ecommerce giants in Nigeria like Jumia and Kaymu. I’ll update you on this when I hear more.

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