Social Media News Release
OLX - The largest free classifieds site no one’s ever heard of!
 
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News Facts | Why OLX? | OLX Mobile | About OLX | History of OLX | About the Founders | Video | Multimedia Elements | Social Media | Contacts | Tags
 
OLX.com is the next generation of free online classifieds. OLX offers jobs, housing, cars, goods, services, personals and much more!
 

News Facts

  • OLX BannerOLX is the largest free classifieds site no one’s ever heard of!
  • OLX has over 100 million unique visitors per month and 500 million page views per month!
  • Almost 2 million new ads are posted monthly on OLX!
  • OLX has raised $28.5 million in funding since March, 2006
  • Americans are not likely to have heard of OLX because its popularity lies mainly outside of the United States in places like Spain, India, Portugal, Mexico, South America, China, and the Philippines
  • OLX has offices spread over the globe with 125 employees working out of New York, Buenos Aires, Beijing, and Moscow
  • OLX provides a simple solution to the complications involved in selling, buying, trading, discussing, organizing, and meeting people near you, wherever you may reside
  • OLX is the first classified sites to merge Web 2.0 functionality with the ease of use and simplicity of Craigslist
  • OLX is now present in 90 countries and 39 languages

    On OLX you can:
  • Easily design rich colorful listings with pictures and videos
  • Control your selling, buying, and community activity in My OLX
  • Display your listings on your social networking profile (Facebook, Myspace, ...)
  • Access the site from your mobile phone
  • View OLX in your local language

OLX in the news


Why OLX?

OLX BannerIf Craigslist was the online classifieds of the early internet, OLX is the future:

  • 100% free (forever) even in jobs and real estate
  • Ability to include videos and pictures in listings
  • A city, neighborhood and zip code database so the entire country is covered and not just pre-selected cities
  • Ajax "WYSIWYG" rich-text editor for richer listings
  • Ability to comment on listings to create a stronger community
  • Advanced search functions with sliders allowing searches at variable regional settings
  • A distance field allowing you to see postings near your zip code wherever possible
  • Ability to post listings in any language in any country
  • Ability to view the site in any country in any language
  • Global reach
  • Mobile version
OLX Mobile:

OLX MobileOLX mobile web lets you do almost everything on OLX from your phone when away from your PC by by going to m.olx.com

Browse all listing with pictures and videos.

Find a listing you noticed on the web and save it to your phone.

Read your messages and reply to ads.

Post anytime.

About OLX

Team OLX WorldwideOLX is an internet company based in New York, NY and Buenos Aires, Argentina. The OLX website hosts free user-generated classified advertisements for urban communities around the world and provides discussion forums sorted by various topics.

OLX gained prominence upon announcing a partnership with Friendster, the popular social networking website. The story was covered by dozens of media publications, including the New York Times, and was a topic of debate among bloggers.

The company was co-founded in March 2006 by Internet entrepreneurs Fabrice Grinda and Alec Oxenford. Fabrice previously founded Zingy, a mobile ringtones company that sold to For-Side for $80 million in May 2004. Alec previously founded DeRemate, a leading online auction website in Latin America. DeRemate sold to MercadoLibre.com, an eBay affiliate, in November 2005. Alec is also a member of the World Economic Forum's List of Young Global Leaders.

As of January 2009, OLX is available in 90 countries and 39 languages.

OLX Screen Capture Countries: Algeria, Argentina, Australia, Austria, Belarus, Belgium, Belize, Bolivia, Brazil, Bulgaria, Canada, Chile, China, Colombia, Costa Rica, Croatia, Czech Republic, Denmark, Dominican Republic, Ecuador, Estonia, Finland, France, Germany, Greece, Grenada, Guatemala, Haiti, Honduras, Hong Kong, Hungary, India, Indonesia, Ireland, Israel, Italy, Jamaica, Japan, Jordan, Kazakhstan, Latvia, Liechtenstein, Lithuania, Luxembourg, Malaysia, Mexico, Monaco, Morocco, Netherlands, New Zealand, Nicaragua, Norway, Pakistan, Panama, Paraguay, Peru, Philippines, Poland, Portugal, Puerto Rico, Romania, Russian Federation, Serbia, Singapore, Slovakia, Slovenia, South Africa, South Korea, Spain, Sweden, Switzerland, Taiwan, Thailand, Trinidad and Tobago, Tunisia, Turkey, Turks and Caicos Islands, Ukraine, United Arab Emirates, United Kingdom, United States, Uruguay, Venezuela, Vietnam.

Languages: Catalan, Chinese (Traditional), Chinese (Simplified), Dutch, English, Bulgarian, Croatian, Czech, Danish, Estonian, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Latvian, Lithuanian, Norwegian, Polish, Portuguese, Romanian, Russian, Serbian, Slovak, Slovene, Spanish, Swedish, Tagalog, Thai, Turkish, Ukrainian, Vietnamese.

History of OLX

Successes to date:

  • Created in March 2006 and launched in June 2006.
  • OLX has over 100 million unique visitors per month and 500 million page views per month!
  • Almost 2 million new ads are posted monthly on OLX!
  • OLX is now present in 90 countries and 39 languages.
  • The company has over 125 employees in New York, Buenos Aires, Beijing, Delhi and Moscow.
  • Raised $28.5 million in funding

The largest OLX sites are:

OLX Banner VerticalIn April 2008, OLX raised $18.5 million in its second round of funding, from previous investors General Catalyst, Bessemer Venture Partners, Founders Fund and DN Capital, bringing the total raise to $28.5 million. In Sept 2006, OLX raised its $10 million first round.

Bessemer Venture Partners:

General Catalyst:

The Founders Fund:

  • http://www.foundersfund.com
  • Created by Peter Thiel, the founder of Paypal.
  • Manage several hundred million of capital.
  • Their top investments are: Facebook, Slide, SpaceX, Geni, IronPort and RapLeaf.

DN Capital:

Nexus India Capital:

About the Founders

Fabrice Grinda About Fabrice Grinda

As a business and Internet entrepreneur, Fabrice has successfully transposed and adapted business ideas between the U.S., Europe, Asia and Latin America.

In March of 2006, Fabrice co-founded OLX, Inc. with business partner Alec Oxenford, in the hopes of building the largest free local classified site in the world. As co-founder and co-CEO, Fabrice drives the company’s business development, oversees an organization of over 80 employees and negotiates acquisitions with global partners.

Prior to OLX, Fabrice was the founder and CEO of Zingy Inc., which he built into one of the largest wireless media companies in the Americas while successfully closing deals with some of the top wireless providers in the world. Within four years, Fabrice successfully grew the business to $200 million in content sales before selling the business in 2004 for $80 million.

In 1998, Fabrice co-founded Aucland S.A., one of the top three auction sites in Europe. In just over a year, Aucland S.A. launched in five countries and grew to 750,000 registered users.

In addition to these achievements, Fabrice worked as a business consultant for McKinsey & Company, where he conducted financial and economic analysis for large financial institutions.

Fabrice graduated Summa Cum Laude from Princeton University and was awarded the Halbert White prize, given to the most distinguished economics student, as well as The Wolfe Balleisen memorial prize, awarded for best thesis.

Fabrice’s blog: www.fabricegrinda.com

About Alec Oxenford

Alec Oxenford is a serial entrepreneur focused on the Internet Space. Alec has launched and led multiple Internet businesses primarily targeting the Latin American Market.

In March of 2006, Alec co-founded OLX, Inc. with business partner Fabrice Grinda, in the hopes of building the largest free local classified site in the world. As co-founder and co-CEO, Alec manages the company’s Buenos Aires office where the technology and customer service teams are based, oversees an organization of over 100 employees and participates in M&A activities in Asia and Europe. Alec Oxenford

Prior to OLX, Alec was the founder and CEO of DeRemate.com, Inc, which he built into one of the two largest online trading platforms in Latin America.

Within 6 years, Alec successfully grew the business to over $150 million
in gross sales, 5 million registered users and 1.5 million annual transactions, before selling the business in 2005 to an eBay affiliate.

In 2003, Alec co-founded DineroMail S.A., a leading payment platform in
Latin America.

In addition to these achievements, Alec worked as a business consultant
for The Boston Consulting where he advised top management of leading
companies in Europe and Latin America on market strategy and
organizational effectiveness.

Alec participates in numerous NGO Boards and was elected Young Global Leader by the World Economic Forum.

Alec graduated as MBA with Distinction from Harvard Business School (97), having received First and Second Year Honors.

Alecs blog: www.alecoxenford.com
 
About Amarjit Batra

Amarjit Batra is a Sales & Marketing professional focused in the Internet space. Amarjit has successfully launched and grown Internet businesses in the C2C, B2C and B2B domains in India region.

Amarjit joined the OLX team in Dec 2008 to take over the responsibility to build and grow the India business for OLX.  As the Country Manager for OLX India, Amarjit leads the category development Alec Oxenford efforts, executes marketing programs to create brand awareness and improve user engagement, build strategic partnerships and formulate strategies for driving growth. As a senior member of the OLX team, Amarjit also contributes to the Global Business Development initiatives for OLX and reports to both Fabrice Grinda and Alec Oxenford, Co- CEO and Co-Founders of OLX, Inc.

Prior to OLX, Amarjit was at eBay India, where he was heading the New Business and Global Trade business and was a part of the India Management team.  In a 5 ½ year stint at eBay (and erstwhile Baazee), Amarjit has handled many roles in Category Management, Strategic partnerships, New Business, Rural Initiatives and Ad Sales.

Before eBay, Amarjit has done Business Consulting for Procurement Auction and B2B auctions businesses handling leadership and Business Development responsibilities with reputed corporate clients across India.  As a common thread across his experience in the Internet, Amarjit has specialized in making markets online more efficient.

Amarjit is an MBA from University Business School (UBS), Punjab University, Chandigarh and an Industrial Engineer.  Amarjit is also the Secretary of the Mumbai Chapter for the Executive Education Alumni Association of the ISB (Indian School of Business)


Video:




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Multimedia Elements :



OLX Free Online Classifieds

Embed code:

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  OLX Free Online Classifieds

Embed code:

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Social Media:
CONTACTS:

For Press Inquiries:

Fabrice Grinda
fabrice@olx.com
 
TAGS:

OLX, olx.com, Online Classifieds, Classifieds, Free Classifieds, Fabrice Grinda, Mobile Classifieds