Nigerias Jiji Acquires Ghanas Tonaton
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Jiji, previously Tonaton often identified as OLX (after it acquired OLX in 2019) is formally the largest market for classifieds in Africa after this acquisition. According to an announcement from Naspers, the deal allows OLX users in these international locations to learn from Jiji’s market-leading services which have been ranked number one by Nigerian Android customers for purchasing. So, Jiji could have a win right here now that its major competitor has come house. “We proceed to act as a long-term investor in Africa and are excited by the distinctive opportunities, this young and dynamic continent has to offer. In the next two to a few years we aim to be one of many high 10 classifieds businesses on the earth by visitors,” 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 newest being a $3 million Series C spherical in 2020. Jiji mentioned it'll strive to make the switch seamless and to provide a high-quality user expertise throughout all geographies. Honda twin sport bike is going for a cool value. Everything is working perfectly. All documents are available.