OLX India turns profit as revenue jumps 59%

25 Oct 2017
In the Indian financial year 2016/17, OLX India, the Naspers-backed general classifieds platform for used goods, turned a profit for the first time, reported Economic Times. (In India the financial year starts on Apr. 1 and ends on March 31 the following year.) According to the compulsory regulatory report for the FY2016/17 filed with the Registrar of Companies (RoC), OLX India earned a profit of $1.23 million U.S. (Rs 8 crore) on revenue of $14.2 million U.S. (Rs 92.5 crore) in the period.

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Radhika Sachdev

Radhika Sachdev is a journalist who has held senior editorial positions with major Indian newspaper banners. She has over 20 years of experience in the profession, covering Advertising, Marketing, Media, Education, HR, Real Estate and Environment beats. She is also a partner and chief content developer for Write Solutions, a boutique content house she founded eight years ago, signifying her diversification from journalism to copywriting and media consultancy.