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Nigerias Jiji Acquires Ghanas Tonaton
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Jiji, previously Tonaton generally known as OLX (after it acquired OLX in 2019) is formally the biggest marketplace for classifieds in Africa after this acquisition. According to an announcement from Naspers, the deal enables OLX users in these nations to learn from Jiji’s market-leading products and services which were ranked number one by Nigerian Android users for buying. So, Jiji may have a win here now that its major competitor has come residence. “We proceed 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 following two to three years we aim to be one of many high 10 classifieds businesses on the planet by visitors,” he stated. 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 five rounds, with the most recent being a $3 million Series C spherical in 2020. Jiji mentioned it will strive to make the switch seamless and to provide a high-quality person expertise across all geographies. Honda twin sport motorbike goes for a cool worth. Everything is working completely. All paperwork are available.
