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Nigerias Jiji Acquires Ghanas Tonaton
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Jiji, formerly Tonaton known as OLX (after it acquired OLX in 2019) is formally the largest market for classifieds in Africa after this acquisition. According to a statement from Naspers, the deal permits OLX customers in these nations to learn from Jiji’s market-leading products and 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 home. “We proceed to act as a long-term investor in Africa and are excited by the exceptional opportunities, this young and dynamic continent has to supply. In the next two to 3 years we aim to be one of many top 10 classifieds businesses on the planet by site visitors,” he said. Jumia, the loss-making e-commerce big 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 attempt to make the transfer seamless and to offer a high-quality consumer experience across all geographies. Honda twin sport motorbike goes for a cool worth. Everything is working perfectly. All documents are available.
