Jumia’s parent company seems to be having some problems of its own.
Rocket Internet is not going to be the first to go down trying to VC a cluster of companies and it will not be the last. Years ago there was a company called CMGI founded as a bookstore company that got early success backing an internet venture thought it could be the mother of many internet companies and imploded when investors realized that out of the literally tens of companies within that mothership less than 2% were viable.