Nigerias Jiji Acquires Ghanas Tonaton
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Jiji, previously Tonaton known as OLX (after it acquired OLX in 2019) is formally the largest marketplace for classifieds in Africa after this acquisition. According to a press release from Naspers, the deal permits OLX users in these nations to profit from Jiji’s market-leading services that have been ranked primary by Nigerian Android users for buying. So, Jiji might have a win right here now that its main competitor has come house. “We continue 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 the high 10 classifieds companies on the planet by site visitors,” he mentioned. Jumia, the loss-making e-commerce giant 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 latest being a $3 million Series C spherical in 2020. Jiji stated it will strive to make the switch seamless and to offer a high-quality consumer expertise throughout all geographies. Honda twin sport bike goes for a cool price. Everything is working perfectly. All documents can be found.