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Nigerias Jiji Acquires Ghanas Tonaton
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Jiji, previously Tonaton often identified as OLX (after it acquired OLX in 2019) is formally the biggest market for classifieds in Africa after this acquisition. According to a statement from Naspers, the deal allows OLX users in these international locations to benefit from Jiji’s market-leading products and services that have been ranked primary by Nigerian Android customers for purchasing. So, Jiji may have a win here now that its main competitor has come house. “We proceed to act as a long-term investor in Africa and are excited by the exceptional alternatives, this younger and dynamic continent has to offer. In the following two to 3 years we goal to be one of the top 10 classifieds businesses on the planet by site visitors,” he said. 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 will attempt to make the switch seamless and to provide a high-quality consumer expertise across all geographies. Honda twin sport motorcycle is going for a cool price. Everything is working perfectly. All paperwork can be found.
