Jiji, Cars45 seal merger deal, pledges advanced experience
Kariola Mustapha
Jiji on Monday announced that it has sealed a merger deal with Cars45, promising that customers would experience a new advanced experience.
The Public Relations Officer, Yemi Kuti, made the announcement in a statement made available to our correspondent.
Kuti said, "Jiji, the largest online marketplace in Africa has reached an agreement to merge operations with the leading used car sales platform Cars45, creating a new and leading pan-African car buying and selling business.
"The merger of operations promises a new level of trade experience for auto buyers and sellers across the three countries."
He said the merger would allow Cars45 users to benefit from Jiji's market-leading products in online classifieds.
The Chief Executive Officer and co-founder of Jiji, Anton Volyansky, said, "We are looking forward to creating a new advanced experience for Cars45 users.
"Undoubtedly, our collaboration on future products and services will bring additional value to the consumers.
"For Jiji, it's the first bold step into the transactional business model and an important foundation for building the future of the company."
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CEO of Cars45, Soumobroto Ganguly, said, "We are proud to have built a trusted buying and selling experience in autos.
"It makes sense to combine online and offline expertise. Merging with Jiji is aimed at creating a new kind of automotive retail experience for users in Africa.
"Together we look forward to making transactions transparent and convenient for our customers, dealers, and franchisees across all our current and future markets."
Following the closing of the transaction, the operations of Cars45 and Jiji will merge to create a single organisation that will offer unique services for car sellers, buyers, and dealers in Ghana, Kenya, and Nigeria, the statement said.
In 2019, Jiji had acquired OLX in Nigeria and in other African countries. OLX, like Jiji, is an online marketplace.
Tags: Cars45 Jiji