Nigerias Jiji Acquires Ghanas Tonaton
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Jiji, previously often recognized as OLX (after it acquired OLX in 2019) is formally the largest market for classifieds in Africa after this acquisition. According to a statement from Naspers, the deal permits OLX users in these nations to benefit from Jiji’s market-leading services and products which were ranked primary by Nigerian Android users for purchasing. So, Jiji could have a win here now that its major competitor has come house. “We proceed to act as a long-term investor in Africa and are excited by the distinctive opportunities, this younger and dynamic continent has to supply. In the next two to a few years we purpose to be one of many prime 10 classifieds companies in the world by visitors,” he mentioned. Jumia, the loss-making e-commerce giant 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 mentioned it will attempt to make the switch seamless and to supply a high-quality user expertise throughout all geographies. Honda dual sport bike goes for a cool value. Everything is working perfectly. All documents can be found.