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Nigerias Jiji Acquires Ghanas Tonaton
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Jiji, formerly Tonaton often identified as OLX (after it acquired OLX in 2019) is officially the most important marketplace for classifieds in Africa after this acquisition. According to a statement from Naspers, the deal enables OLX users in these international locations to learn from Jiji’s market-leading services and products which have been ranked number one by Nigerian Android customers for buying. So, Jiji may have a win here now that its major competitor has come home. “We continue to act as a long-term investor in Africa and are excited by the exceptional opportunities, this younger and dynamic continent has to offer. In the next two to a few years we purpose to be one of many prime 10 classifieds companies on the planet by traffic,” he stated. Jumia, the loss-making e-commerce large is all about to IPO in New York to scale businesses and hurdles on the African continent.
The platform has raised a total of $24 million in funding over 5 rounds, with the newest being a $3 million Series C spherical in 2020. Jiji mentioned it will strive to make the transfer seamless and to provide a high-quality consumer expertise across all geographies. Honda twin sport motorcycle goes for a cool value. Everything is working completely. All paperwork can be found.