What is Konga?
Konga operates as a prominent e-commerce company headquartered in Lagos, Nigeria. Established in 2012, it functions as a third-party online marketplace alongside its first-party direct retail operations, offering a diverse range of products across multiple categories. The company has consistently sought strategic capital to scale its operations and solidify its presence in the rapidly evolving African e-commerce sector.
How much funding has Konga raised?
Konga has raised a total of $78.5M across 4 funding rounds:
Angel/Seed
$3.5M
Series A
$10M
Series B
$25M
Series C
$40M
Angel/Seed (2012): $3.5M with participation from Kinnevik
Series A (2013): $10M, investors not publicly disclosed
Series B (2014): $25M supported by Naspers and Kinnevik
Series C (2014): $40M featuring NASPERS and Kinnevik
Key Investors in Konga
Naspers
Naspers is a global technology and internet company with a focus on e-commerce and digital platforms, known for investing in and operating innovative businesses in emerging markets.
Kinnevik
Kinnevik is an investment company dedicated to building digital consumer businesses, partnering with founders to create and lead fast-growing ventures with a focus on delivering both shareholder and social value.
What's next for Konga?
The substantial enterprise-level funding Konga has attracted, particularly the recent strategic investment, signals a strong confidence from its backers in the company's future trajectory. This capital infusion is likely to be directed towards enhancing its technological infrastructure, expanding its logistics and delivery network, and potentially broadening its product and service offerings. Konga's strategic focus will likely remain on capturing a larger share of the online retail market in Nigeria and potentially other African regions, leveraging its established brand and operational capabilities.
See full Konga company page
