Jiji, a Ukrainian IT company and spin-off of the Genesis holding group—which is the largest owner of classifieds platforms (similar to OLX) in Africa—has announced the acquisition of Bikroy, the largest such platform in Bangladesh.
“We are continuing our work—with the acquisition of the largest classifieds platform in Bangladesh, a country with a population of 175 million, we have every chance of becoming the largest classifieds platform in emerging markets,” said company co-founder Volodymyr Mnoholetniy on Facebook.
According to him, the company previously acquired the OLX and Cars45 businesses in Africa, as well as the company Tonaton.
The product-focused IT company Jiji was founded jointly with entrepreneur Anton Volyansky in 2014 as part of the Genesis ecosystem. By 2023, the marketplace had become profitable, and in 2025, the company paid out its first dividends.
“This shows that it is possible and necessary to invest in valuable long-term stories over a horizon of many years—and that’s normal,” the company’s co-founder emphasized.
According to him, Jiji is now the leader in markets with a combined population of over 500 million people. Among other things, it is Africa’s largest classifieds platform for cars, real estate, and electronics.
“Millions of people use Jiji every month. More than 50% of the population in the countries where we operate are familiar with the Jiji brand,” Mnozheletny noted.
The Bikroy marketplace was founded in 2012. The platform specializes in a wide range of classified ads—from cars, real estate, electronics, clothing, and home goods to job listings and services.
Ukrainian product IT holding Genesis has opened almost 400 vacancies for IT specialists in Ukraine, despite the difficulties for the market and companies in the sector, said the company’s founder and CEO Volodymyr Mnoholyetnyi.
“In terms of markets, we have no revenue in Ukraine (the company is focused on foreign markets – IF-U), but in terms of people, we hire (them – IF-U) in Ukraine. We have about 400 vacancies. This is the largest number of open positions,” he said at the conference ‘Business and War – Dialogues about the Future’ organized by New Voice.
According to him, the situation on the IT market in Ukraine has become more complicated, especially for relatively small companies. There are also difficulties with hiring specialists.
“The market is much more complicated now than it was a year or two ago. Of course, it’s more complicated than it was before the full-scale invasion (…) I don’t understand how relatively small and small IT companies work,” said the founder and CEO of Genesis.
Mnogoletyniy suggested that this could be a problem for the IT industry in the long run, as the market will not develop properly if only large IT companies are represented.
According to his estimates, about 20-30% of Ukrainian IT specialists are abroad. Among Genesis employees, it’s 10-15%, while most of the management team works in the country.
Genesis is a Ukrainian co-funding IT company. It specializes in building global technology businesses with entrepreneurs in Central and Eastern Europe. About 8% of the company’s revenue comes from mobile applications. Genesis employs about 2.5 thousand people.
