Nigerias Jiji Acquires Ghanas Tonaton
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Jiji, previously Tonaton known as OLX (after it acquired OLX in 2019) is formally the largest marketplace for classifieds in Africa after this acquisition. According to a statement from Naspers, the deal allows OLX customers in these nations to benefit from Jiji’s market-leading services that have been ranked number one by Nigerian Android customers for shopping. So, Jiji could have a win here now that its main competitor has come home. “We proceed to behave as a long-term investor in Africa and are excited by the distinctive opportunities, this younger and dynamic continent has to supply. In the subsequent two to three years we goal to be one of many top 10 classifieds businesses on the planet by visitors,” he said. 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 total of $24 million in funding over five rounds, with the latest being a $3 million Series C spherical in 2020. Jiji said it'll strive to make the switch seamless and to supply a high-quality consumer expertise across all geographies. Honda dual sport bike is going for a cool value. Everything is working perfectly. All documents can be found.