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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 formally the most important market for classifieds in Africa after this acquisition. According to an announcement from Naspers, the deal permits OLX users in these nations to benefit from Jiji’s market-leading services and products which have been ranked primary by Nigerian Android users for shopping. So, Jiji might have a win here now that its main competitor has come house. “We continue to behave as a long-term investor in Africa and are excited by the exceptional alternatives, this younger and dynamic continent has to offer. In the subsequent two to a few years we goal to be one of the top 10 classifieds companies on the planet by visitors,” he mentioned. 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 complete of $24 million in funding over five rounds, with the newest being a $3 million Series C spherical in 2020. Jiji mentioned it'll try to make the switch seamless and to offer a high-quality user expertise across all geographies. Honda twin sport bike goes for a cool value. Everything is working perfectly. All paperwork can be found.