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.
OLX has been advertising many senior, and challenging jobs in different parts of the world recently. All in all, 186 jobs are advertised.
Computer Warehouse Group (CWG), a leading, Nigerian information tech firm, partnered with OLX Nigeria, to offer CWG's management software called Small and Medium Enterprise Resource Planner (SMERP), to merchants on the OLX site for free (for now).
Bengaluru-based used-goods marketplace Zefo raised $6 million U.S. in a series A funding round led by venture capital firm Sequoia India. Others who participated in this round included Beenext, and existing investor Helion Venture Partners. Beenext is also invested in auto site Droom, real estate site NoBroker and job site WorkIndia.
Looking to increase its investments in India, Naspers Ventures, the venture capital fund of Naspers, set up a dedicated office in Bengaluru, India, reported Economic Times.
Naspers reports half-yearly and released its financials for the six months to end-September last Friday. There was a lot of positive news for classifieds.
In the last week of October we reported on the new-generation app released by OLX in India. Now OLX India rolled out a TV campaign in seven, regional languages to promote the features of the new app.
After giving India, its biggest market (with the U.S. a close second), a miss as one of the launch countries of its mobile stuffs market (known as Marketplace), Facebook now appears to be all hyped up for the Indian classifieds space, dominated by Quikr and OLX until now.
OLX India re-worked its mobile app to make the online classifieds experience safer, simpler, and more social for users in India, the company said.
Since the launch of the so-called number-plates category on Dubizzle.com in mid-July, more than 4,500 ads, worth more than $35.4 million U.S. have been listed.