Nigerias Jiji Acquires Ghanas Tonaton
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Jiji, previously Tonaton known as OLX (after it acquired OLX in 2019) is formally the biggest marketplace for classifieds in Africa after this acquisition. According to a statement from Naspers, the deal enables OLX users in these countries to learn from Jiji’s market-leading services which were ranked number one by Nigerian Android users for shopping. So, Jiji might have a win here now that its major competitor has come home. “We continue to behave as a long-term investor in Africa and are excited by the distinctive alternatives, this young and dynamic continent has to supply. In the subsequent two to 3 years we aim to be one of many high 10 classifieds businesses on the earth by traffic,” he mentioned. Jumia, the loss-making e-commerce large 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 5 rounds, with the newest being a $3 million Series C spherical in 2020. Jiji said it'll strive to make the transfer seamless and to provide a high-quality user experience across all geographies. Honda twin sport bike is going for a cool price. Everything is working perfectly. All paperwork can be found.