Nigerias Jiji Acquires Ghanas Tonaton
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Jiji, previously Tonaton often recognized as OLX (after it acquired OLX in 2019) is officially the largest marketplace for classifieds in Africa after this acquisition. According to a press release from Naspers, the deal allows OLX customers in these countries to profit from Jiji’s market-leading services and products which were ranked number one by Nigerian Android customers for buying. So, Jiji could have a win here now that its main competitor has come home. “We proceed to act as a long-term investor in Africa and are excited by the exceptional opportunities, this younger and dynamic continent has to supply. In the following two to a few years we aim to be one of many top 10 classifieds companies on the earth by site 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 five rounds, with the newest being a $3 million Series C round in 2020. Jiji mentioned it'll try to make the switch seamless and to offer a high-quality person experience across all geographies. Honda twin sport motorcycle goes for a cool price. Everything is working perfectly. All documents can be found.