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Nigerias Jiji Acquires Ghanas Tonaton
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Jiji, formerly Tonaton generally identified as OLX (after it acquired OLX in 2019) is officially the most important marketplace for classifieds in Africa after this acquisition. According to a statement from Naspers, the deal enables OLX customers in these nations to benefit from Jiji’s market-leading products and services which have been ranked primary by Nigerian Android users for shopping. So, Jiji might 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 supply. In the subsequent two to three years we purpose to be one of many prime 10 classifieds businesses on the planet by site visitors,” he mentioned. 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 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 try to make the transfer seamless and to supply a high-quality consumer expertise across all geographies. Honda twin sport motorcycle goes for a cool worth. Everything is working completely. All paperwork can be found.
