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
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- 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.
Service for posting and browsing free classified ads
Platform for buying, selling, and renting properties
Section for ads on cars, bikes, and other vehicles
People of OLX
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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.
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.
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Early-stage tech startups in Indonesia are funded by Intudo Ventures.
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Early-stage investments are directed toward digital industry startups.
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Venture capital firm focused on marketplaces, gaming, web3, fintech, and multiple sectors
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Investor details for OLX
Investor domains, locations, round participation, and complete history require an active premium plan.
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- Investor locations
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- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by OLX
Investment portfolio details for OLX
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
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Financial Statements - OLX
Detailed financials for OLX
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Olx Comparisons
Peer comparison for OLX
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
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- Operating benchmarks
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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.
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Multi-category consumer products are sold via an online marketplace platform.
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Online marketplace platform offering multi-category second-hand products
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Online platform for second-hand listings and peer-to-peer transactions
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Online second-hand listing platform offering multi-category products and services
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Multi-category second-hand products are offered via an app-based marketplace.
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Detailed competitors of OLX
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Latest news on Olx
Complete news archive for OLX
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- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about OLX
OLX was founded in 2005 and raised its 1st funding round 3 years after it was founded.
OLX is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Amarjit Singh Batra is the current CEO of OLX. They have also founded this company.
OLX is a funded company, having raised a total of $13.7M across 3 funding rounds to date.
As of Apr 06, 2024, the latest employee count at OLX is 302.
Annual revenue of OLX is $64.48M as on Mar 31, 2023.
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.
OLX offers Classifieds Platform, Property Listings, and Vehicle Classifieds.
OLX has 9 investors. Key investors include CarTrade, Frontier Car Group, FJ Labs, Digital Garage, and Tunas Toyota.