Nigerias Jiji Acquires Ghanas Tonaton
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Jiji, formerly Tonaton known as OLX (after it acquired OLX in 2019) is officially the most important marketplace 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 that have been ranked number one by Nigerian Android customers for purchasing. So, Jiji could have a win here now that its main competitor has come house. “We proceed to act as a long-term investor in Africa and are excited by the distinctive alternatives, this younger and dynamic continent has to offer. In the next two to three years we purpose to be one of many top 10 classifieds businesses on the planet 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 complete of $24 million in funding over five rounds, with the newest being a $3 million Series C round in 2020. Jiji said it will attempt to make the transfer seamless and to provide a high-quality consumer expertise throughout all geographies. Honda twin sport motorcycle goes for a cool price. Everything is working perfectly. All documents can be found.