Nigerias Jiji Acquires Ghanas Tonaton
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Jiji, previously Tonaton known as OLX (after it acquired OLX in 2019) is officially the biggest market for classifieds in Africa after this acquisition. According to a statement from Naspers, the deal permits OLX customers in these countries to learn from Jiji’s market-leading products and services which have been ranked primary by Nigerian Android users for buying. So, Jiji could have a win right here now that its major competitor has come home. “We proceed to behave as a long-term investor in Africa and are excited by the exceptional opportunities, this young and dynamic continent has to offer. In the subsequent two to three years we goal to be one of the prime 10 classifieds businesses on the planet by traffic,” he said. 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 total of $24 million in funding over five rounds, with the newest being a $3 million Series C round in 2020. Jiji said it will attempt to make the switch seamless and to offer a high-quality consumer experience across all geographies. Honda dual sport motorcycle goes for a cool value. Everything is working completely. All paperwork can be found.