Marketplace


Konga.com pivots from e-commerce to classifieds

Konga.com pivots from e-commerce to classifieds

Konga, the second-largest online retailer in Nigeria, sacked 60 percent of its staff – that is more than 300 employees - pulled the plug on its e-commerce operations, and switched its business model to a full-on marketplace, in a bid to reduce operating cost. Kinnevik owns 34 percent of Konga, and Naspers another unknown percentage.

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Konga.com pivots from e-commerce to classifieds

Konga.com pivots from e-commerce to classifieds

Konga, the second-largest online retailer in Nigeria, sacked 60 percent of its staff – that is more than 300 employees - pulled the plug on its e-commerce operations, and switched its business model to a full-on marketplace, in a bid to reduce operating cost. Kinnevik owns 34 percent of Konga, and Naspers another unknown percentage.

This post is only available to members. log in



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