Tuesday, July 22, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home News Africa News

Jiji Raises $21mn to Scale its Business in 5 Africa Market

Tech Gist Africa by Tech Gist Africa
12/10/2019
in Africa News, News
0 0
0
Jiji Africa

PhotoCredit: Leadership Newspaper

0
SHARES
Share on FacebookShare on Twitter

Jiji, an online marketplace in Africa has raised $21 million in its Series C funding round. The round had participation from six investors led by Knuru Capitals.

Jiji is e-commerce that offers the platform for thousands of buyers and sellers to exchange goods and services. The company has its presence in Nigeria, Ghana, Uganda, Tanzania, and Kenya. It has its top 3 categories for revenue generation and listings in vehicle sales, real estate, and electronic gadgets.

The $21 million funds will be used to penetrate the 5 markets it currently occupies and upgrade its platform to accommodate more product listings. It will also create an improved platform where buyers and sellers in the real-estate sector can be matched.


See Also: Jiji Acquires OLX Businesses in Sub-Saharan Africa


Meanwhile, the Ukranian entrepreneur and co-founder Jiji, Mr Vladimir Mnogolentry has stated that the classified site has gained over two million listings via its African platforms in recent times. These figures increased to about 8 million unique monthly users according to a report released by the company’s 2018 statistics.

Vladimir also noted that the platform is the largest marketplace in Africa where users can sell anything and can be likened to the combination of eBay and Craiglist for Africa.

The newly acquired fund will amount the total fundraised by Jiji to $50 million between 2014 and 2019.

It is pertinent to recall that Jiji bought over OLX in Ghana, Kenya, Tanzania, and Uganda. Thus, the fund will help it penetrate further into these markets and better serve customers. It will also enable the company to compete favourably with the likes of Jumia, Konga, and Ringier Africa.

 

More on TechGist Africa

  • Frontier Car Group, Parent Company of Cars45 Raises $400 Mn from OLX Group
  • Technology Spending in Middle East & Africa to hit $149bn in 2023
  • Safaricom Launches New Investment Project Mali
  • NITDA Introduces Smart Agro Business Platform in Nigeria
  • Cell C Partners Explore Data Science Academy to Train Africa Students
ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a leading online technology and digital media outlet, dedicated to providing latest tech news, product launch, startup news across Africa and sharing simple social media and digital marketing tips for startups, entrepreneurs and business owners.

Related Posts

telecommunications
Mobile networks

Cameroon Fines MTN and Orange $4.6 Million for Poor Service Delivery

by Tech Gist Africa
07/11/2025
0

Cameroon’s telecom regulator has issued fines totaling approximately 2.6 billion CFA francs (around US $4.6 million) to MTN Cameroon and Orange...

Read more
Cerebrium South Africa

Cerebrium, a South African AI startup raises $8.5 million seed funding

07/11/2025
Aria Ventures Egypt

Aria Ventures Launches $1 Million Fund to Boost Deep‑Tech Investment in Egypt

07/10/2025
BuuPass QuickBus Kenya

BuuPass, a Kenyan mobility startup has secured strategic funding from Yango Ventures

07/10/2025
Complete Farmer Ghana

Complete Farmer, a Ghana-based agritech company Raises $2.5 Million

07/09/2025
Next Post
Jumia

Jumia Exits Rwanda, Partners Travelstart on its Travel Operations

Nigerian Broadband

Technology Spending in Middle East & Africa to hit $149bn in 2023

FSI Launches First Fintech Innovation Sandbox in Nigeria

FSI Launches First Fintech Innovation Sandbox in Nigeria

No Result
View All Result

The Big 5

Africa Tech

Tech Diplomacy: How Africa is Leveraging Technology for International Relations and Development

by Tech Gist Africa
07/21/2025
0

...

Media and Entertainment

How African Technology is Changing the Face of Media, Entertainment, and Digital Content

by Tech Gist Africa
07/14/2025
0

...

Ecobank

Ecobank, Google Partner to Boost Financial Inclusion and Innovation Across Africa

by Tech Gist Africa
07/08/2025
0

...

AWIEF

AWIEF 2025 Awards Nominations Now Open to Celebrate Africa’s Top Women Entrepreneurs

by Tech Gist Africa
07/08/2025
0

...

Google for Startups Accelerator Africa

15 African AI startups Selected for Google for Startups Accelerator Africa

by Tech Gist Africa
07/08/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.