Online real estate startup ToLet acquires Jumia House Nigeria to create PropertyPro.Ng - TechCrunch

Online real estate startup ToLet acquires Jumia House Nigeria to create PropertyPro.Ng  TechCrunchAfrican tech can produce surprises. One this week is a $1.2 million Series A startup buying part of a $1 billion company. That’s what...

Online real estate startup ToLet acquires Jumia House Nigeria to create PropertyPro.Ng - TechCrunch
Online real estate startup ToLet acquires Jumia House Nigeria to create PropertyPro.Ng  TechCrunch

African tech can produce surprises. One this week is a $1.2 million Series A startup buying part of a $1 billion company. That’s what Lagos based property startup ToLet.com.ng has done, purchasing Jumia House Nigeria for an undisclosed amount. Jumia House is a subsidiary of the continent’s lone tech unicorn -- Pan-African e-commerce giant Jumia.com. ToLet and Jumia House Nigeria will merge platforms under the new name of PropertyPro.ng. The acquisition was a result of ToLet’s strength in market and help from their lead investor, Malaysia based Frontier Digital Ventures, according to CEO and...