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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 biggest marketplace for classifieds in Africa after this acquisition. According to a press release from Naspers, the deal enables OLX users in these countries to profit from Jiji’s market-leading services and products which were ranked primary by Nigerian Android users for buying. So, Jiji may have a win here now that its main competitor has come residence. “We proceed to behave as a long-term investor in Africa and are excited by the distinctive alternatives, this young and dynamic continent has to supply. In the following two to 3 years we aim to be one of the high 10 classifieds companies on the planet by site visitors,” he mentioned. Jumia, the loss-making e-commerce large 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 5 rounds, with the newest being a $3 million Series C spherical in 2020. Jiji stated it'll attempt to make the switch seamless and to offer a high-quality consumer experience throughout all geographies. Honda dual sport bike is going for a cool price. Everything is working completely. All paperwork are available.