Online classifieds company, Jiji, secures $21 million in series C funding


In a series C funding round led by Knuru Capital, Nigeria-based classifieds company, Jiji, has raised $21 million.

Early in April this year the company acquired a major competitor in OLX, in the process establishing a presence in four other countries — Ghana, Kenya, Tanzania, and Uganda.

According to Ukrainian tech news site, AIN.UA, the deal was reported to be worth between $1.5 million and $3.4 million.

Making claims to be the largest online classifieds site in Africa, the company now has 2 million listings across Africa with 8 million monthly users as of 2018.

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Crunchbase is said to have reported that the company raised undisclosed amounts in series A and B, however, TechCrunch reports that the recent series C funding makes it a total of $50 million raised by Jiji since 2014.

According to the co-founder, Vladimir Mnogoletniy, the Pan-African classifieds company plans to create more listings, upgrade the platform, and grow the number of transactions on its site.

In a classifieds market riddled with the challenges of low Internet…



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