OLX
Latest round
- Series C
Last raised
- May 2009
Total raised
- $29M
Investors
- 5
About OLX
OLX, Inc.Founded in 2006 and headquartered in New York, US, OLX, Inc. operates as a peer-to-peer marketplace facilitating local trading of goods and services. The company has completed 4 significant deals since its inception.OLX primarily operates as a peer-to-peer marketplace that facilitates the buying and selling of goods and services among users within local communities. Its core offerings include a platform where individuals can list items for sale, such as electronics, appliances, vehicles, and various household goods, enabling efficient local transactions. Users can browse listings, communicate with sellers, and arrange for the purchase or exchange of goods, effectively addressing the need for accessible commerce in diverse geographical markets including Brazil, Poland, Romania, and Ukraine, among others. OLX's services are designed to empower communities by encouraging the exchange of products and services, fostering a collaborative economy.OLX generates revenue through multiple transaction structures, primarily focusing on user-generated listings and associated services. The typical business model includes charging sellers for premium listings or visibility enhancements, which allows their products to be featured prominently on the platform. Additionally, the company may engage in partnerships and collaborations with local retailers, enhancing the marketplace's offerings and driving additional revenue streams. While specific pricing plans for these premium services are not disclosed, they are designed to provide options that cater to various seller needs and budgets. Future initiatives include upcoming product launches designed to optimize user experience and increase engagement. Specific markets targeted for expansion have not been disclosed, but the focus remains on enhancing its presence in regions where peer-to-peer commerce is developing.
Who invested in OLX
5 investors across 3 rounds
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Questions about OLX
Who invested in OLX?
OLX has 5 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has OLX raised?
OLX has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did OLX last raise money?
OLX's most recent round on record is a Series C, in May 2009.
What does OLX do?
OLX is a internet company.
Where is OLX headquartered?
OLX is headquartered in New York, US.
Which VCs invest in companies like OLX?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back internet companies at OLX's stage. Their profiles are linked below.
VCs backing internet startups at Series C
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