Nigerian startup Fixit45, a leading player in the automotive technology aftermarket sector, has raised US$1.9 million in pre-seed funding to help it expand its footprint and influence.
The funding, led by Launch Africa Ventures, had notable participation from investors including Soumobroto Ganguly and Dave Delucia, as well as a diverse group of angel investors.
Sunday Ehigiator
Jiji, an online marketplace in Africa said it has reached an agreement to merge its operations with automotive trading platform, Cars45, to create a new and leading pan-African car buying and selling business.
During a ceremony in Lagos to announce the merger, the two companies said they would not be considering a rebranding at the moment despite the business combination, but wouldn’t overlook the possibility of such in the future.
They said the agreement will merge both companies’ operations in Ghana, Kenya and Nigeria.
In his address, Cars45 Chief Executive Officer, Soumobroto Ganguly, said the merger was a significant and landmark deal.