In a new strategy update, Frontier Digital Ventures has announced its withdrawing support of its remaining two tier 3 investments, carWangu and casaMozambique by providing no further funding and relinquishing its board positions. The firm says its focus for 2018 is to progress its investments towards mature and profitable market leaders, ...
Rocket Internet-backed Jumia Rwanda, an online shopping site has ditched its business to consumer (B2C) online retail and later its 'Amazon' model in Rwanda for a pure consumer to consumer (C2C) classifieds site and into food delivery. The firm gave up the e-tail model a few months back and instead ...
Jumia has swapped its Jumia House property classifieds sites in Nigeria, Ghana and Angola with Frontier Digital Ventures (FDV) Afribaba and $500k in cash. FDV will therefore merge Jumia House in Nigeria, Ghana and Angola with its ToLet in Nigeria, meQasa in Ghana and AngoCasa in Angola and surrender Afribaba to ...
meQasa.com, an online real estate portal has acquired Jumia House Ghana, for an undisclosed amount, firmly establishing the property portal as the country’s largest and most trusted. Jumia House has struggled after Rocket Internet merged the platforms into one to create Africa's largest classifieds group but the results have not ...
Frontier Digital Ventures (FDV) has exited it's investment in IMCongo, an online property portal in the Democratic Republic of Congo after investing $175,000 and 332,500 Frontier shares via a share sale agreement to gain an initial 65.9% ownership of the portal. According to Frontier’s CEO and Founder, Shaun Di Gregorio: ...
Frontier Digital Ventures backed property vertical Casa Mozambique, has signed a deal with Barclays Bank Mozambique to increase home ownership in the country, a first in the online real estate market in the country and various other markets. According to Bryan Wester, Casa Mozambique's founder and CEO the deal will ...
