Jendaya Raises Funding To Scale Its Africa-Focused Luxury E-Commerce Platform
Feb 10, 2023•over 2 years ago
Investors
Asa AsikaBizzle OsikoyaActress Maisie WilliamsAda VcSabi Ceo Anu Adedoyin Adasolum
Description
Fashion items are among the most — if not the most — sought after on many e-commerce platforms. In Africa, for instance, fashion has held the top spot in Jumia for the largest category of items sold over the years. This means there’s no shortage of demand for fashion items across the continent, and the supply is picking up steam even in the high-end categories.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers