About Olx
Olx is a company based in Hoofddorp (Netherlands) founded in 2006 was acquired by TBC Bank Group in August 2025.. Olx has raised $28.5 million across 3 funding rounds from investors including Bessemer Venture Partners, Nexus Venture Partners and Naspers. The company has 230 employees as of June 30, 2024. Olx has completed 5 acquisitions, including ANAPRO, Altimus and Grupo ZAP. Olx offers products and services including OLX Platform. Olx operates in a competitive market with competitors including Mercari, eBay, Uniswap, OfferUp and Letgo, among others.
- Headquarter Hoofddorp, Netherlands
- Employees 230 as on 30 Jun, 2024
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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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Annual Revenue
$20.76 M (USD)12as on Mar 31, 2024
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Net Profit
$3.84 M (USD)134as on Mar 31, 2024
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EBITDA
$4.22 M (USD)121as on Mar 31, 2024
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Total Equity Funding
$28.5 M (USD)
in 3 rounds
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Latest Funding Round
$5 M (USD), Series B
May 07, 2009
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Investors
Bessemer Venture Partners
& 6 more
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Employee Count
230
as on Jun 30, 2024
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Investments & Acquisitions
ANAPRO
& 4 more
- Acquired by
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Products & Services of Olx
Olx offers a comprehensive portfolio of products and services, including OLX Platform. 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 buying and selling items in local communities worldwide.
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Software Development Team
113 people
Product Management Team
94 people
Sales and Marketing
59 people
Senior Team
45 people
Frontend Team
19 people
Finance and Accounting
17 people
Leadership Team
9 people
Data Analysis and Operations Team
5 people
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Funding Insights of Olx
Olx has successfully raised a total of $28.5M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $5 million completed in May 2009. 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 B — $5.0M
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First Round
First Round
(01 Sep 2006)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2009 | Amount | Series B - Olx | Valuation |
investors |
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| Apr, 2008 | Amount | Series B - Olx | Valuation |
investors |
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| Sep, 2006 | Amount | Series A - 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 7 investors, including venture fund investors. Prominent investors backing the company include Bessemer Venture Partners, Nexus Venture Partners and Naspers. 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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Venture capital firm that partners with entrepreneurs for product-first companies.
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Founded Year | Domain | Location | |
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Venture capital investments in technology and defense 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
Olx has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include ANAPRO, Altimus and Grupo ZAP. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Technological solutions for the real estate sector are provided.
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2018 | ||||
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Property management software is offered for real estate agents.
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2017 | ||||
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Dealership management system for automotive dealerships
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2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
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 Mercari, eBay, Uniswap, OfferUp and Letgo, 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 |
Used multi-category products are traded on an online marketplace platform.
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| 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 |
Decentralized exchange platform for cryptocurrency trading is operated.
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| domain | founded_year | HQ Location |
P2P mobile listing platform for household goods
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| domain | founded_year | HQ Location |
Online listing platform for multi-category second-hand goods
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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 2006.
Where is Olx located?
Olx is headquartered in Hoofddorp, Netherlands. It is registered at Hoofddorp, North Holland, Netherlands.
Who is the current CEO of Olx?
Marcin Urbanczyk is the current CEO of Olx.
Is Olx a funded company?
Olx is a funded company, having raised a total of $28.5M across 3 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on Sep 01, 2006.
How many employees does Olx have?
As of Jun 30, 2024, the latest employee count at Olx is 230.
What is the annual revenue of Olx?
Annual revenue of Olx is $20.76M as on Mar 31, 2024.
What does Olx do?
OLX is an online classifieds platform that enables its users to create ads and displays them on social networks.The platform enables its users to design ads with pictures and videos; control their selling, buying, and community activities in My OLX; display their ads on social networking profiles; access the site from their mobile phones, and view OLX accounts in their local languages.The company offers its services in the United States and internationally. As of August 4, 2010, OLX operates as a subsidiary of Myriad International Holdings B.V.
What products or services does Olx offer?
Olx offers OLX Platform.
How many acquisitions has Olx made?
Who are Olx's investors?
Olx has 7 investors. Key investors include Bessemer Venture Partners, Nexus Venture Partners, Naspers, TBC Bank Group, and Founders Fund.
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