Zinox group acquires konga

Zinox group  famous for its Nigerian  🇳🇬  manufactured computers  today sealed a deal with  the major investors in konga (Naspers and AB Kinnevik)  which involves the purchase  of the konga online store.

Konga online store

Zinox Group is to  assume ownership of the e-commerce group which includes Konga.com, KongaPay, a CBN-licensed mobile money platform with over 100,000 subscribers as well as KOS-Express, a digitally-driven and world class logistics company.

The Zinox group plans to further facilitate the e-commerce website they created ten years ago in Nigeria, which was challenged by the absence of credit card and e-payment infrastructure.

With the acquisition  of konga by the zinox group,  the zinox group plans to create about 750 more jobs for Nigerians.

Commenting on the transaction, The head of zinox corporate communications Mr GideonAyogu said: “We have always had an interest in Konga and another big one you know very well but our priority was Konga first because of her integrated nature of four quality companies in one.

 “Konga is a world-class, professionally-run company whose landmark strides in the sector has gone a long way in ushering millions of Nigerians into the ease and convenience of online shopping and boosting the conduct of e-commerce in the country.”

He added: “Today, many Nigerians can attribute their first experience of e-commerce to Konga.com and we are excited to be a part of this remarkable story.

“Many shoppers can also attest to the speed and efficiency in delivery that characterizes Kos-Express, the company’s logistics arm, which is arguably the best in the sector at the moment.

“Our ambition is to up the tempo by revolutionising e-commerce on the African continent, with Konga at the fore-front of this initiative. In addition to positioning the business on a path of profitability in the short term, our long term plans are focused around seeing Konga well established in other African capitals.

“Furthermore, we will be unveiling a lot of new initiatives soon and we advise shoppers and merchants alike to look out for these innovations which will radically reshape the average customer experience of e-commerce in Nigeria and on the continent.”

YUDALA MAY BE INTEGRATED INTO
KONGA

There are rumors that Yudala May be integrated into konga, Since Yudala is owned by zinox group son.

BRIEF HISTORY OF KONGA.COM

Konga was founded in 2012 by by Sim Shagaya and raised a $3.5m from AB Kinnevik in the same year which allowed to expand its merchandise category. In early 2013, Konga raised another $10m series A funding from AB Kinnevik and Naspers and in the late 2013, it finalised a $25m series B funding from the two investors.

In 2017, retail e-commerce sales worldwide amounted to 2.829 trillion US dollars while e-retail revenues are projected to grow to 4.48 trillion US dollars in 2021.

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