| Founded | 2012 |
|---|---|
| Closed | 2018 |
| Country | Nigeria |
| Sector | Ecommerce |
| Total raised | $73M (Naspers, AB InBev Ventures, 2012–2016) |
| Collapse type | Fire Sale |
| Founder | Sim Shagaya |
Konga
"Nigeria's second-largest e-commerce unicorn sold for a reported $10M after $73M raised — Africa's biggest startup write-off"
Distressed acquisition below last-round valuation
Key Events Timeline
Konga was Nigeria's answer to Amazon, backed by South Africa's Naspers with $73M in funding.
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