E-commerce website, Konga has secured additional funding from Kinnevik and Naspers. The amount invested in one of Nigeria’s biggest online marketplace was undisclosed.
Shola Adekoya, the CEO of Konga said: “Our latest round of investment from Naspers and Kinnevik follows their previous investments and underlines their ongoing commitment to our business and the Nigerian e-commerce market.
“It’s the perfect way to start our fifth year of business and we look forward to benefitting from their continued support and expertise. Of course, neither Naspers nor Kinnevik are strangers to Nigeria, having been long-term investors in the country via successful businesses like Naspers’ MultiChoice.”
It is noteworthy to mention that Kinnevik and Naspers are the only investors in Konga. Both companies have invested as much as $78.5 million in Konga between 2012 and 2014.
