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Nigerias Jiji Acquires Ghanas Tonaton
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Jiji, formerly Tonaton often recognized as OLX (after it acquired OLX in 2019) is officially the largest market for classifieds in Africa after this acquisition. According to a statement from Naspers, the deal permits OLX users in these countries to profit from Jiji’s market-leading products and services which have been ranked number one by Nigerian Android users for buying. So, Jiji may have a win here now that its major competitor has come house. “We proceed 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 subsequent two to 3 years we aim to be one of many high 10 classifieds companies on the planet by visitors,” he stated. Jumia, the loss-making e-commerce giant 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 5 rounds, with the newest being a $3 million Series C round in 2020. Jiji said it's going to try to make the transfer seamless and to supply a high-quality consumer expertise throughout all geographies. Honda dual sport motorcycle is going for a cool value. Everything is working completely. All paperwork are available.
