About OLX
OLX is a company based in Gurugram (India) founded in 2005 by Amarjit Singh Batra was acquired by CarTrade in August 2023.. OLX has raised $13.7 million across 3 funding rounds from investors including CarTrade, Frontier Car Group and FJ Labs. The company has 302 employees as of April 06, 2024. OLX offers products and services including Classifieds Platform, Property Listings, and Vehicle Classifieds. OLX operates in a competitive market with competitors including eBay, Carousell, Quikr, 58City and FreeUp, among others.
- Headquarter Gurugram, India
- Employees 302 as on 06 Apr, 2024
- Founders Amarjit Singh Batra
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Olx India Private Limited
- Date of Incorporation 22 May, 2009
- Jurisdiction Gurugram, Haryana, India
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Annual Revenue
$64.48 M (USD)44.01as on Mar 31, 2023
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Net Profit
$7.22 M (USD)79.11as on Mar 31, 2023
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EBITDA
$7.99 M (USD)39.8as on Mar 31, 2023
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Total Equity Funding
$13.7 M (USD)
in 3 rounds
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Latest Funding Round
$10 M (USD), Series A
Feb 12, 2019
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Investors
CarTrade
& 8 more
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Employee Count
302
as on Apr 06, 2024
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Acquired by
CarTrade
(Aug 23, 2023)
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Products & Services of OLX
OLX offers a comprehensive portfolio of products and services, including Classifieds Platform, Property Listings, and Vehicle Classifieds. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Service for posting and browsing free classified ads
Platform for buying, selling, and renting properties
Section for ads on cars, bikes, and other vehicles
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Funding Insights of OLX
OLX has successfully raised a total of $13.7M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $10 million completed in February 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $10.0M
- First Round First Round
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2019 | Amount | Series A - OLX | Valuation | Frontier Car Group | |
| Jan, 2018 | Amount | Seed - OLX | Valuation | Intudo Ventures | |
| Jun, 2008 | Amount | Seed - OLX | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in OLX
OLX has secured backing from 9 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include CarTrade, Frontier Car Group and FJ Labs. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage tech startups in Indonesia are funded by Intudo Ventures.
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Founded Year | Domain | Location | |
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Early-stage investments are directed toward digital industry startups.
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Founded Year | Domain | Location | |
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Venture capital firm focused on marketplaces, gaming, web3, fintech, and multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by OLX
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - OLX
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Olx Comparisons
Competitors of OLX
OLX operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as eBay, Carousell, Quikr, 58City and FreeUp, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multi-category consumer products are sold via an online marketplace platform.
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| domain | founded_year | HQ Location |
Online marketplace platform offering multi-category second-hand products
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| domain | founded_year | HQ Location |
Online platform for second-hand listings and peer-to-peer transactions
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| domain | founded_year | HQ Location |
Online second-hand listing platform offering multi-category products and services
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| domain | founded_year | HQ Location |
Multi-category second-hand products are offered via an app-based marketplace.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Olx
Frequently Asked Questions about OLX
When was OLX founded?
OLX was founded in 2005 and raised its 1st funding round 3 years after it was founded.
Where is OLX located?
OLX is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of OLX?
Amarjit Singh Batra is the current CEO of OLX. They have also founded this company.
Is OLX a funded company?
OLX is a funded company, having raised a total of $13.7M across 3 funding rounds to date.
How many employees does OLX have?
As of Apr 06, 2024, the latest employee count at OLX is 302.
What is the annual revenue of OLX?
Annual revenue of OLX is $64.48M as on Mar 31, 2023.
What does OLX do?
OLX was founded in 2005 and is headquartered in Gurugram, India. An online listing platform is operated for second-hand items across categories including electronics, vehicles, apartments, pets, services, sports, and furniture. The service is accessible via the domain olx.in, with a mobile application available for Android and iOS devices to facilitate user interactions.
What products or services does OLX offer?
OLX offers Classifieds Platform, Property Listings, and Vehicle Classifieds.
Who are OLX's investors?
OLX has 9 investors. Key investors include CarTrade, Frontier Car Group, FJ Labs, Digital Garage, and Tunas Toyota.
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