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 most important market for classifieds in Africa after this acquisition. According to a statement from Naspers, the deal permits OLX users in these countries to benefit from Jiji’s market-leading products and services which have been ranked number one by Nigerian Android customers for buying. So, Jiji might have a win right here now that its main competitor has come home. “We proceed to act as a long-term investor in Africa and are excited by the distinctive alternatives, this young and dynamic continent has to supply. In the next two to 3 years we aim to be one of many top 10 classifieds businesses on the earth by traffic,” he mentioned. Jumia, the loss-making e-commerce giant 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 spherical in 2020. Jiji mentioned it's going to try to make the transfer seamless and to offer a high-quality person expertise across all geographies. Honda twin sport bike goes for a cool worth. Everything is working perfectly. All paperwork are available.