Jumia raised $35 million series B : expand its market in Nigeria, Egypt, and Morocco.

With an example like Jumia, we can observe that the e-commerce increasingly, makes its steps in Africa, in terms of excitement,
investment, retailers and economic conjecture.

Jumia currently active in Nigeria, Egypt, and Morocco ,sells: clothing, electronics, furniture, books, baby products, cosmetics, home appliances, and so on. In its approach rather than paying online, shoppers can pay at their doorstep.

To expand its market in Nigeria, Egypt, and Morocco, Jumia raised a $35 million series B .The investment came from Millicom, located in Africa and South America.

Note: Earlier this year, Jumia raised a $26 million Series A from Summit Partners .In a mere year; Jumia has received $61 million in funding.