If the exclusive from TechCabal is true, it shows that Kinnevik and Naspers have increased faith in Konga and the eCommerce industry in Nigeria. TechCabal just reported that Konga just completed a new round of venture funding from these previous investors to the tune of $25 million.
As reported, no official word of the investment has been made. However, official sources say that
“Konga’s investors continue to support the business financially. They do so because they are pleased with the company we are building and the customers we are serving. Fund raising is not the objective of our business. Serving our customers is the ultimate objective and we are confident that so long as we do this consistently, our investors who are long term and highly strategic will continue to support us. All of resources and energies are being put towards building out our team, deploying world class technological and logistics systems and achieving operational excellence in the Nigerian market in the short term”
