Summit Partners Sinks $26M Into Samwer Brothers? African Amazon Clone Jumia

Rocket Internet, the e-commerce startup incubator started by the Samwer Brothers, is once again ramping up its operations in emerging markets. Today it is announcing that Jumia, an Amazon clone?launched last year in Africa, has received a ?20 million ($26 million) investment from Summit Partners. Jumia is already active in Nigeria, Egypt and Morocco, and the company says that it will be using the new funds to expand to more countries in the region, as well as grow its business in current markets.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/3BGR-YRle8Q/

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