Nigerias Jiji Acquires Ghanas Tonaton
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Jiji, formerly Tonaton known as OLX (after it acquired OLX in 2019) is formally the biggest market for classifieds in Africa after this acquisition. According to an announcement from Naspers, the deal permits OLX users in these countries to benefit from Jiji’s market-leading products and services that have been ranked primary by Nigerian Android users for purchasing. So, Jiji may have a win here now that its main competitor has come house. “We proceed to behave as a long-term investor in Africa and are excited by the exceptional alternatives, this young and dynamic continent has to offer. In the following two to a few years we purpose to be one of many high 10 classifieds companies in the world 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 5 rounds, with the latest being a $3 million Series C spherical in 2020. Jiji said it will strive to make the switch seamless and to provide a high-quality user expertise across all geographies. Honda twin sport bike is going for a cool price. Everything is working completely. All paperwork can be found.