By Joseph TartakoffFounder Fabrice Grinda tells TechCrunch that the funds will possibly be employed ...

1. Classifieds Site OLX Raises $5 Million
By Joseph Tartakoff
Founder Fabrice Grinda tells TechCrunch that the funds will possibly be employed for acquisitions
and also continued global expansion. over the actual years, OLX offers invested throughout Chinese
free involving charge classifieds site Edeng.cn and has furthermore bought Hispanic classifieds site
Mundoanuncio.com. It competes using Craigslist as well as eBay-owned Kijiji.
International classifieds web site OLX, which calls itself "the largest free-classifieds site simply no
one's have an individual at virtually any time heard of" (at least in the
https://www.kiwibox.com/grotesquef927/blog/entry/115710927/top-classified-sites-usa/ United
States), has raised $5 million in the third round associated with enterprise funding coming from
Indian venture capital firm Nexus capital India, based on TechCrunch. OLX, that is based in new
York and also Buenos Aires, Argentina, offers now raised a new total of $28.5 million since it had
been were only obtainable in March 2006.
This story ended up being written by simply Joseph Tartakoff.