Nigerias Jiji Acquires Ghanas Tonaton
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Jiji, previously Tonaton generally known as OLX (after it acquired OLX in 2019) is officially the biggest market for classifieds in Africa after this acquisition. According to an announcement from Naspers, the deal permits OLX customers in these countries to learn from Jiji’s market-leading services and products which have been ranked number one by Nigerian Android users for buying. So, Jiji might have a win here now that its major competitor has come house. “We continue to behave as a long-term investor in Africa and are excited by the exceptional opportunities, this younger and dynamic continent has to supply. In the next two to 3 years we purpose to be one of many high 10 classifieds companies on the planet by traffic,” he said. 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 5 rounds, with the latest being a $3 million Series C round in 2020. Jiji mentioned it will attempt to make the switch seamless and to offer a high-quality consumer expertise across all geographies. Honda twin sport motorcycle goes for a cool price. Everything is working perfectly. All paperwork can be found.