Nigerias Jiji Acquires Ghanas Tonaton
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Jiji, previously Tonaton often known as OLX (after it acquired OLX in 2019) is formally the largest market for classifieds in Africa after this acquisition. According to an announcement from Naspers, the deal permits OLX customers in these countries to benefit from Jiji’s market-leading services and products which were ranked number one by Nigerian Android customers for buying. So, Jiji may have a win right 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 exceptional alternatives, this young and dynamic continent has to offer. In the subsequent two to three years we aim to be one of many high 10 classifieds businesses on the earth by visitors,” he said. 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 strive to make the switch seamless and to offer a high-quality user expertise throughout all geographies. Honda dual sport motorcycle goes for a cool price. Everything is working perfectly. All documents can be found.