Nigerias Jiji Acquires Ghanas Tonaton
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Jiji, formerly Tonaton generally identified as OLX (after it acquired OLX in 2019) is officially the biggest market for classifieds in Africa after this acquisition. According to a press release from Naspers, the deal permits OLX customers in these countries to learn from Jiji’s market-leading services that have been ranked primary by Nigerian Android users for purchasing. So, Jiji might have a win here now that its main competitor has come residence. “We continue to act as a long-term investor in Africa and are excited by the exceptional alternatives, this young and dynamic continent has to offer. In the subsequent two to three years we goal to be one of the top 10 classifieds companies on the earth by traffic,” he mentioned. Jumia, the loss-making e-commerce big is all about to IPO in New York to scale businesses and hurdles on the African continent.
The platform has raised a complete of $24 million in funding over five rounds, with the most recent being a $3 million Series C spherical in 2020. Jiji mentioned it'll try to make the switch seamless and to provide a high-quality consumer expertise across all geographies. Honda dual sport motorbike goes for a cool worth. Everything is working completely. All documents are available.