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Konga Founder Net Worth 2021, Biography, Career, and Education

Filed in Articles, Biography Update by on April 8, 2021

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Maybe you have heard about Konga, but how much do know about the owner? Are you aware that it is owned by a Nigerian? However, if you didn’t know, just relax. You are about to know. Read through this article to learn more about the Konga founder.

Also, in this article, you shall learn about his net worth. However, let’s begin by understanding what Konga is about

Konga Founder Net Worth 2021, Biography, Career, and Education

What Do You Know about Konga?

Konga.com is a Nigerian e-commerce company and it was founded in July 2012. Its headquarters is in Gbagada, Lagos State. Also, it offers a third-party online marketplace.

Furthermore, it offers first-party direct retail. And this spans various categories. Like: Consumer electronics, fashion, home appliances, books, children’s items, computers & accessories, phones and tablets, health care, and personal care products.

Also, the company has a logistics service (KXPRESS). And this enables the timely shipment and delivery of packages to customers.

A Brief History of Konga

Konga was founded in July 2012 by Sim Shagaya. And it started with 20 staff. Shortly after launching in 2012, Konga raised a $3.5 million seed round from Investment AB Kinnevik.

Though, the site initially functioned as a Lagos-only online retailer focused on merchandise in the Baby, Beauty, and Personal Care categories, note. It broadened its scope to all of Nigeria in December 2012 and gradually expanded merchandise categories through 2012 and 2013.

However, this expansion may have been a response to Konga’s major competitor, Rocket Internet-backed Jumia. Konga officially launched its third-party retail platform in the first half of 2014. And it rebranded it as ‘Marketplace’ from ‘Konga Mall’.

A Brief Information about Konga Founder

Sim Shagaya is a Nigerian entrepreneur. Also, he is a business mogul. And the founder of one of West Africa’s largest eCommerce websites Konga. Also, he is the executive chairman of DealDey. And was list among the Forbes’ ’10 Most Powerful Men in Africa’.

Sim Shagaya, the founder of Konga was born on 2nd April 1975. Also, he is 43 years. And he is a Nigerian. His parents are John Nazip Shagaya, and Pauline Shagaya

Also, he attended George Washington University, Dartmouth College, and Harvard Business School. He is an Entrepreneur and businessman. And have been active as an entrepreneur from 2005 to the present. Also, he is known for Konga and DealDey.

Detail Information about Konga Founder and His Net Worth 2021

Sim Shagaya was born on the 2nd of April, 1975 in Nigeria and he studied in the Nigerian Military School. After completing the Nigerian Military School, he served at the Nigerian Army before moving to the United States where he completed his education.

He has a Bachelor of Science (Hons) in Electrical Engineering from George Washington University and a Master of Science degree at Dartmouth College. Sim is also an MBA certificate holder from the Harvard Business School which he graduated from in 2003.

Career

Sim Shagaya worked as a banker in South Africa prior to the establishment of Konga.com and DealDey. After leaving the South African Rand Merchant Bank, he moved to Nigeria and became Google’s head for Africa.

In 2005, he founded E-Motion, a Lagos-based billboard advertising business. Before launching Dealdey and Konga, Sim had also created several websites like Jobclan, Nollywood, Gbogbo, and Alarena which were relatively unsuccessful.

In March 2011, Sim launched Dealdey after convincing the E-Motion’s board of directors to invest in the startup. Two years later, he founded Konga.com with capital from Kinnevik.

The Primary Goal of Konga Founder

According to Sim, his primary goal of establishing Konga.com was to “aggregate the youngest and fastest-growing market that was dispersed, under-served and traditional retailers were simply failing to reach”.

Konga Founder Net Worth 2021

Sim Shagaya is one of the most successful internet entrepreneurs in African and was listed among the 10 Most Powerful Men in Africa. He is estimated to have a net worth of over $100 million.

Awards and Recognition of Konga Founder

Some of Sim Shagaya’s notable awards include:

  1. Entrepreneur of the Year in the 2013 CNBC/All Africa Business Leaders Award in West Africa.
  2. Leadership CEO of the Year in 2014 The Leadership Conference/Awards

Social Media Handles of Konga Founder

You can connect with Sim Shagaya on Twitter @SimShagaya.

Konga Marketplace

Konga started its massive expansion in Nigeria with Konga Mall, which is a revolutionary option that allows businesses in Nigeria to showcase their products online.

Business owners were offered a free and simple delivery service. The business owner packages order that is accompanied by SellerHQ details and details of the order before dropping the parcel at Konga’s dropoff center.

With the success of Konga Mall, came the Konga Marketplace that has made it possible for even roadside sellers to be involved from any part of the country.

Amazing products have been discovered and massive sales are made daily through this market. The sellers and buyers interact in this marketplace which is revolutionary.

Unlimited opportunities have been created through this marketplace that has ended up boosting employment and economic growth and development in the country.

Affiliate marketing and comparison online stores such as best prices have also become possible with this marketplace.

Finally, thanks for reading along. However, if you find this article useful please don’t forget to share it with your friends.

CSN Team.

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