Industry News
Prosus H1 FY2021: Classifieds revenue rises 7%
Prosus delivered strong positive results for its classifieds segment rebounded in the second quarter of FY2021. Revenues from its classifieds division increased by...Pandemic slows sales at Axel Springer
German media giant Axel Springer revealed the coronavirus pandemic had slowed sales this year as its classifieds business was affected by economic uncertainty, the...Santander launches auto marketplace in Poland
Santander Consumer Multirent, a subsidiary of Santander Bank Polska, has launched auto marketplace SCMultirent.pl. The site lets businesses buy a car and sign a...Fiat leasing arm launches Clickar auctions in U.K.
Leasys, the funding arm of Italian car manufacturer Fiat Chrysler Automobiles (FCA) has launched a new dedicated online auction platform, Clickar, in the U.K. to...Adecco Group’s Vettery platform acquires Hired
Job matching platform Vettery, owned by global human resource company Adecco Group has acquired Hired, a San-Francisco-based job board focused on technology...Allegro Q3 2020: Revenue, EBITDA up
Allegro, the largest b-to-c marketplace in Poland, saw net revenue increase by 49.7% while its adjusted EBITDA rose by 26.7% in Q3 of FY2020. Net revenue was PLN...JobIndex Q3 2020: Rebound to pre-Covid levels
JobIndex, the leading commercial recruitment site in Denmark, is on track to surpass pre-Covid job ad levels. “It is a surprise that the number of job ads is...Hoppler to acquire proptech competitor in Philippines
Philippines-based proptech portal Hoppler has signed an agreement to acquire ZipMatch, a major competitor, in exchange for 10% of Hoppler’s issued capital and a...Zigexn Q2 FY2021: Real estate segment aids profit recovery
A strong showing from its real estate segment helped Zigexn Inc. pare down its losses during the second quarter of FY2021. The Japan-based internet group said...En-Japan H1 FY2021: Hiring demand rebounds
Japanese jobs site operator En-Japan Inc. saw its business recover during the second quarter of 2020. En-Japan’s sales increased 5% in the first half compared to...Cars24 raises $200M in Series E round
Used-car marketplace Cars24 has raised INR 14.8 billion ($200 million) in a Series E funding round led by investment firm DST Global. This brought the post-money...Ex-OLX now head of motors at Meli
MercadoLibre, an e-commerce and classifieds site operating in several Latin American countries, has named Luciano Avila as the company’s head of Brazil marketplace...TX Markets appoints new CPO
TX Markets has appointed Saeed Gouda as chief product officer (CPO), the company announced Wednesday. Gouda will also join the management team when he takes office...Cars45 launches auto maintenance service
Leading Nigeria-based auto marketplace Cars45, has launched GoMechanic45, an on demand automotive repair service to improve customer experience for its users. “It...Schibsted recruits two top positions for Nordic expansion
Schibsted is now preparing to enter Denmark and expand further into Finland. Since Adevinta spun off from the company last year, Schibsted has largely focused on...CoStar CEO to Zillow: Here we come
By Brad Inman Inman News CoStar Group founder Andy Florance is the son of a Realtor, a Princeton graduate and an engineer who coded the first CoreLogic product...PakWheels speeds up transaction services
Facing competition from three marketplace giants — OLX Group, EMPG and FCG — PakWheels is ramping up its online transaction services in Pakistan. The auto site...Vettery buys troubled competitor Hired
Hired, a reverse-recruitment service focused on high-demand workers in the tech industry, has been acquired by competitor Vettery for an undisclosed price, the...New marketplace for shared homes sees opportunity in U.S. and Europe
New vacation home marketplace launched in October It’s being run almost entirely by former Zillow employees Company is targeting U.S. and Europe Shared ownership...Auto Trader says it doesn’t plan to sell its own cars
Nathan Coe, the CEO of leading British auto vertical Auto Trader, has said the company doesn’t have a strategy to sell its own cars or compete with dealers....Load More Articles
