Tradus is a brand from the first hour of Naspers' adventure in global classifieds, when it acquired Tradus Group back in November 2007 for $1.9 billion U.S.. Between 2015 and 2016 the brand Tradus vanished from Naspers' classifieds portfolio for a few months. Now it's back ...
In Pakistan, Naspers-owned OLX today announced it will start monetizing in April, when revenue-generating products will be rolled out. OLX has been operating in Pakistan for close on six years.
The Delhi High Court restrained online auto classifieds start-up Cars24.com from airing advertisements disparaging the services offered by OLX India, reported news agency PTI.
Dubai-headquartered, c-to-c classifieds site Melltoo, announced that Anvita Varshney, COO of OLX/Dubizzle MEA until the middle of last year, had joined its board of advisors. Anvita is experienced in classifieds, marketplaces, and ecommerce, having previously worked in the C-suite at Lazada and at OLX/Dubizzle.
OLX Brazil, Brazil’s No. 1 horizontal site, launched a property site called Storia Imoveis to strengthen its real estate classified business.
The start-up story of Bengaluru-based Yappily, India's self-acclaimed "first online flea market", has turned into a thriller.
The brothers Amit and Anurag Jain, the two co-founders of Girnar Software in 2007, stopped drawing salaries in December and will only start drawing salaries again when the company turns a profit. Girnar Software owns three major auto platforms, namely CarDekho, ZigWheels and Gaadi.com.
The managers of Beepi.com, a used-auto start-up in the Francisco Bay-area, confirmed a Techcrunch report (here) that the site had stopped operating after running out of cash, and before it could be sold to an interested party.
EBay teamed up with Aeropost.com to provide Latin American shoppers "seamless access to millions of products" on AlaMaula.com in Argentina, and ecommerce sites elsewhere in Latin America, in competition with MercadoLibre, Naspers and Schibsted.
The FY2016 results report of Schibsted Media Group (here) lifted the lid over the performance of the joint ventures (JVs) operated with Naspers for the first time. The report was released yesterday. The numbers confirmed the project (JVs and associates) was moving towards breakeven.