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Nigerias Jiji Acquires Ghanas Tonaton
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Jiji, previously Tonaton generally identified as OLX (after it acquired OLX in 2019) is officially the most important market for classifieds in Africa after this acquisition. According to a press release from Naspers, the deal enables OLX customers in these countries to benefit from Jiji’s market-leading services that have been ranked primary by Nigerian Android customers for purchasing. So, Jiji might have a win here now that its main competitor has come house. “We continue to act as a long-term investor in Africa and are excited by the distinctive alternatives, this younger and dynamic continent has to offer. In the next two to three years we aim to be one of the high 10 classifieds businesses on the earth by site visitors,” he said. Jumia, the loss-making e-commerce big is all about to IPO in New York to scale businesses and hurdles on the African continent.
The platform has raised a total of $24 million in funding over 5 rounds, with the most recent being a $3 million Series C spherical in 2020. Jiji stated it will try to make the switch seamless and to supply a high-quality user experience throughout all geographies. Honda dual sport bike is going for a cool worth. Everything is working perfectly. All paperwork can be found.
