Nigerias Jiji Acquires Ghanas Tonaton
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Jiji, formerly Tonaton often known as OLX (after it acquired OLX in 2019) is formally the most important marketplace for classifieds in Africa after this acquisition. According to a statement from Naspers, the deal allows OLX users in these nations to profit from Jiji’s market-leading services that have been ranked primary by Nigerian Android users for buying. So, Jiji could have a win here now that its major competitor has come house. “We continue to act as a long-term investor in Africa and are excited by the distinctive alternatives, this young and dynamic continent has to offer. In the next two to 3 years we purpose to be one of many top 10 classifieds companies on the planet by traffic,” he mentioned. Jumia, the loss-making e-commerce big 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 5 rounds, with the newest being a $3 million Series C spherical in 2020. Jiji mentioned it will attempt to make the transfer seamless and to offer a high-quality person experience throughout all geographies. Honda twin sport motorcycle goes for a cool worth. Everything is working completely. All paperwork are available.