Classifieds Site, OLX Raises $13.5 Million

OLX Logo
OLX is a classifieds site that has listings of vehicles, services, jobs, real estate, personals, and classes.  OLX makes it easy to quickly design HTML listings, send and accept PayPal payments, promote classifieds on social networks and blogs, search for items around various cities and view the site in different languages.

The company has raised $13.5 million Series B from DN Capital, Founders Fund, General Catalyst Partners, and Bessemer Venture Partners.  OLX has raised a total of $23.5 million to date.  The same venture capitalists that provided OLX with the second round of funding were also a part of the 1st round.

About 11 months ago, OLX announced a partnership with Friendster.  This was around the same time that Facebook announced that they are launching a classifieds section as well.

OLX is a New York-based private company that launched in March 2006 by Fabrice Grinda and Alec Oxenford.  Fabrice previously started a company called Zingy, a mobile ringtones company–which was acquired by For-Side for $80 million in 2004.

About 1 million new classifieds are added to OLX per month and the website receives over 200 million pageviews per month.   OLX solely depends on Google Ads to make money since adding classifieds are free.

Information Source:
[1] TechCrunch: Craigslist Competitor OLX Raises $13.5M by Mark Hendrickson

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at

Classifieds Site, OLX Raises $13.5 Million Comments

  1. Francisco says:

    olx is NOT worth the effort to post a job. been suckered in a few times. what a complete waste of time and effort. I prefer models like, simplyhired,, etc. for real exposure for jobs. olx seems to be spammed by someone, so a large majority of jobs are from someone fishing for google dollars and you cannot apply for the job. kijijijijij or whatever it is called is also a waste, unless you need a waitress. why would you ever have a domain name that nobody can spell and remember easily? complete stupidity, unless you like paying for clicks. Google base should eliminate both of them eventually.

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