Tag: olx


OLX, PakWheels in legal battle

OLX, PakWheels in legal battle

Two top classified companies in Pakistan, Naspers-owned OLX and PakWheels.com, are involved in a legal battle. OLX has accused PakWheels of …


OLX builds out global tech hub in Berlin

OLX builds out global tech hub in Berlin

South African media company Naspers is expanding its global technology center in Berlin. According to multiple media reports, like this one (in German), Naspers recently signed a lease with real estate investment firm Tishman Speyer for a 9,000 square meter space in an office building “to expand its Berlin presence into a global tech hub.” We assume “presence” refers to the Berlin tech hub of...

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Autos marketplace InstaCarro raises $22 million US

Autos marketplace InstaCarro raises $22 million US

Brazilian autos marketplace InstaCarro.com raised $22 million U.S. in two tranches, TechCrunch reported. The round was co-led by FJ Labs and new investor Lumia Capital. InstaCarro.com will use the money for product development and international expansion, Diego Fischer, the company’s CEO, was quoted as saying. Last year, InstaCarro.com said it had generated more than $32 million U.S in revenue in its first year of operation. More...

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Girnar Software revenue up 32% in FY2017

Girnar Software revenue up 32% in FY2017

Jaipur-based Girnar Software, owner of a clutch of auto classifieds, including CarDekho, ZigWheels and Gaadi, reported a 32-percent rise in revenue y-on-y, and a 5-percent drop in the loss in the financial year which ended March 2017. This was clear from the company’s regulatory filing with the Registrar of Companies (RoC), and first reported by Live Mint. In FY2017 (to end-March 2017) Girnar generated total...

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OLX Egypt appoints Dina Gobran as GM

OLX Egypt appoints Dina Gobran as GM

OLX Egypt, one of the leading classifieds platforms in the country, appointed Dina Gobran as its new general manager. She succeeded Momtaz Moussa, who was promoted to an international leadership position at OLX Global. Gobran joined OLX Egypt in 2016 as head of strategy. In this position, she worked closely with Moussa to establish OLX’s footprint in the Egyptian market. Her appointment is in line...

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Home61, backed by Grinda of OLX fame, raises money

Home61, backed by Grinda of OLX fame, raises money

Home61, a tech-driven real estate start-up in Miami, raised $4 million U.S.. The company’s founder and CEO is Olivier Grinda, whose brother Fabrice founded classified horizontal OLX. (Fabrice Grinda is also an angel investor in Home61.) The new financing will help Home61, which currently operates only in Florida, go national. “Real estate is one of the largest industries in the world, yet no tech company has...

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Eighteen months in, LetGo gets traction in Turkey

Eighteen months in, LetGo gets traction in Turkey

Stuff app LetGo has made big strides since its launch in Turkey in January 2016. This was clear from statistics released by the operators in Turkey for the first time last week. According to management, active users increased five times in the first 18 months after LetGo’s launch.  Two factors may have been at the core of its progress: the fact that it is so easy to...

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