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 most important market for classifieds in Africa after this acquisition. According to an announcement from Naspers, the deal enables OLX users in these international locations to profit from Jiji’s market-leading services which have been ranked primary by Nigerian Android customers for buying. So, Jiji might have a win here now that its major competitor has come residence. “We proceed to act as a long-term investor in Africa and are excited by the exceptional alternatives, this younger and dynamic continent has to supply. In the subsequent two to a few years we purpose to be one of many top 10 classifieds companies on the earth by site visitors,” 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 complete of $24 million in funding over five rounds, with the newest being a $3 million Series C round in 2020. Jiji said it'll attempt to make the switch seamless and to supply a high-quality user expertise across all geographies. Honda twin sport motorcycle is going for a cool price. Everything is working completely. All paperwork can be found.