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Nigerias Jiji Acquires Ghanas Tonaton
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Jiji, previously Tonaton often known as OLX (after it acquired OLX in 2019) is formally the largest marketplace for classifieds in Africa after this acquisition. According to an announcement from Naspers, the deal enables OLX customers in these countries to learn from Jiji’s market-leading services that have been ranked primary by Nigerian Android users for purchasing. So, Jiji may have a win here now that its major competitor has come house. “We continue to behave as a long-term investor in Africa and are excited by the distinctive opportunities, this young and dynamic continent has to offer. In the subsequent two to three years we purpose to be one of the top 10 classifieds businesses on the earth 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 five rounds, with the latest being a $3 million Series C spherical in 2020. Jiji stated it's going to attempt to make the transfer seamless and to offer a high-quality user expertise across all geographies. Honda dual sport bike is going for a cool price. Everything is working completely. All paperwork can be found.