Home › DMW Daily › May 8, 2009

OLX Lands $5 Million for Free Online Classifieds

Authored by Mark Hefflinger on May 8, 2009 - 10:37am.
New York - OLX, a free online classifieds site popular outside of the U.S., where Craigslist is the most-popular provider, has raised $5 million in new funding from Nexus Capital India, TechCrunch reported.

New York-based OLX provides an online classifieds service in nearly 90 countries, including Spain, India, Portugal, Mexico and China.

The company has raised a total of $28.5 million in funding to date.

OLX will reportedly use the new investment for acquisitions, site improvements, global expansion and marketing efforts.

 

Related Links:
http://snipurl.com/hn0mp (TechCrunch)

http://www.olx.com

Published in DMW Daily, May 8, 2009
tags: Deals | VC | Classifieds | OLX | Nexus Capital India |



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