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Startups

Limited Time Offer: Save $1,000 on Disrupt Passes with Only 7 Days Remaining!

TechCrunch Disrupt, the ultimate gathering for early-stage startups, is gearing up for its next edition on October 28–30 in San Francisco. With only seven days left, secure your TC Disrupt pass now and pocket those savings. Why TechCrunch Disrupt rocksTechCrunch Disrupt isn’t just another tech event; it’s an experience that fuels innovation and growth. Here’s what past Disruptors have to say:“I never miss TechCrunch Disrupt because it’s a fresh experience every time. Interested in showcasing your company at TechCrunch Disrupt 2024?

Kira Kim
March 8, 2024

Enterprise

Discontinuing Food Delivery: Jumia Shifts Focus to Growing Physical Goods Business in Seven Markets

Pan-African e-commerce platform Jumia has disclosed its intention to discontinue its food delivery service, Jumia Food. As a result, Jumia will cease its food delivery operations across these markets by the end of December 2023. Jumia is redirecting its focus towards the core physical goods business and maintaining its JumiaPay operations across all 11 markets, as outlined in a recent statement. Jumia’s decision to discontinue its food delivery business aligns with a broader trend in the industry, mirroring the recent exit of another food delivery competitor, Bolt Food, from Nigeria and South Africa. Both exits seem to be influenced by current macroeconomic headwinds, high inflation and intensified competition within the food delivery sector across the continent.