The race to be a unicorn is fierce in the global tech startup community. This the more reason founders and their investors always want to scale up very fast so that they can get to be called a ‘unicorn’. This is not a problem so far as the methods used in calculating the value are fool-proof.
Africa Internet Group, AIG, the parent company of Jumia and other vibrant startups recently gave itself the unicorn status. With a league of credible investors, AIG is not doubt in good company. But, is AIG worth a billion Dollar company, Samuel Odusami examined the facts behind the figures.