Jumia Group

Online marketplace for deals in different purchases.

Launch date

Mar 2012

Employees

Market cap

Enterprise valuation

€454m (Public information from Sep 2024)

Lagos Lagos (HQ)

https://group.jumia.com/

https://twitter.com/jumia_group https://www.facebook.com/africainternetgroup https://www.linkedin.com/company/jumia-group/https://apps.apple.com/app/id925015459 https://play.google.com/store/apps/details?id=com.jumia.android

Revenues, earnings & profits over time

EUR	2020	2021	2022	2023	2024	2025	2026
Revenues	172m	162m	202m	169m	159m	243m	314m
% growth	(4 %)	(6 %)	25 %	(16 %)	(6 %)	52 %	30 %
EBITDA	(167m)	(188m)	(182m)	(53.3m)	(32.2m)	(9.5m)	56.3m
% EBITDA margin	(98 %)	(116 %)	(90 %)	(31 %)	(20 %)	(4 %)	18 %
Profit	(198m)	(206m)	(216m)	(94.7m)	(83.3m)	(34.4m)	26.7m
% profit margin	(115 %)	(127 %)	(107 %)	(56 %)	(52 %)	(14 %)	8 %
EV / revenue	13.9x	3.4x	0.5x	1.3x	3.4x	2.3x	1.7x
EV / EBITDA	-14.2x	-2.9x	-0.6x	-4.1x	-17.0x	-57.6x	9.7x
R&D budget	31.1m	35.6m	50.3m	37.8m	-	-	-
R&D % of revenue	18 %	22 %	25 %	22 %	-	-	-

Date	Investors	Amount	Round
-	Global Founders Capital	N/A	-
Jan 2012	Blakeney Management	€40.0m	Series A
Mar 2013	Summit Partners	$26.0m	Series A
Jun 2013	Millicom International Cellular	$35.0m	Series B
Apr 2014	TEV Ventures	$10.0m	Series A
Nov 2014	Summit Partners AXA Goldman Sachs Orange Millicom International Cellular CDC Group MTN	$150m Valuation: $405m	Series C
Feb 2016	AXA	€75.0m	Late VC
Mar 2016	AXA Goldman Sachs MTN Rocket Internet	€360m Valuation: €713m	Series C
Apr 2016	Orange	€75.0m	Late VC
Jul 2016	CDC Group	€50.0m	Late VC
Mar 2017	N/A	N/A	Secondary
Dec 2018	Pernod Ricard	N/A	Growth Equity VC
Apr 2019	N/A	$216m Valuation: $2.2b 14.9x EV/LTM Revenues -11.5x EV/LTM EBITDA	IPO
Apr 2019	MasterCard	$56.0m	Growth Equity VC
Apr 2021	N/A	$349m Valuation: $3.0b 15.9x EV/LTM Revenues -16.3x EV/LTM EBITDA	Secondary
Aug 2024*	N/A	$99.6m	Secondary
Total Funding		€852m

ACQUISITION by Jumia Group 2013