Nigerias Jiji Acquires Ghanas Tonaton
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Jiji, formerly Tonaton often known as OLX (after it acquired OLX in 2019) is officially the most important market for classifieds in Africa after this acquisition. According to a press release from Naspers, the deal allows OLX users in these countries to benefit from Jiji’s market-leading products and services that have been ranked number one by Nigerian Android users for shopping. So, Jiji might have a win right here now that its major competitor has come house. “We proceed to act as a long-term investor in Africa and are excited by the exceptional opportunities, this young and dynamic continent has to supply. In the next two to three years we purpose to be one of the top 10 classifieds companies on the planet by visitors,” he stated. Jumia, the loss-making e-commerce large is all about to IPO in New York to scale companies and hurdles on the African continent.
The platform has raised a complete of $24 million in funding over five rounds, with the latest being a $3 million Series C round in 2020. Jiji mentioned it will attempt to make the transfer seamless and to provide a high-quality person experience throughout all geographies. Honda twin sport motorbike is going for a cool price. Everything is working completely. All documents can be found.