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Nigerias Jiji Acquires Ghanas Tonaton
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Jiji, previously Tonaton known as OLX (after it acquired OLX in 2019) is officially the largest marketplace for classifieds in Africa after this acquisition. According to a press release from Naspers, the deal enables OLX customers in these nations to profit from Jiji’s market-leading services which were ranked number one by Nigerian Android users for buying. So, Jiji might have a win here now that its main competitor has come home. “We continue to behave as a long-term investor in Africa and are excited by the exceptional alternatives, this young and dynamic continent has to offer. In the next two to three years we aim to be one of many prime 10 classifieds businesses on the planet by visitors,” he said. Jumia, the loss-making e-commerce giant is all about to IPO in New York to scale businesses and hurdles on the African continent.
The platform has raised a complete of $24 million in funding over 5 rounds, with the most recent being a $3 million Series C round in 2020. Jiji mentioned it's going to strive to make the transfer seamless and to supply a high-quality person experience across all geographies. Honda dual sport motorbike is going for a cool price. Everything is working completely. All paperwork are available.
