RefreshClassifieds

Techcrunch is reporting that OLX.com raised $13M from General Catalyst, Bessemer Venture Partners, Founders Fund, and DN Capital.  OLX.com aims to compete with Craigslist and other free classified sites but seems.
The most interesting aspect of the OLX business plan is perhaps their partnership to white label their site with Friendster.com, the social networking site.    Unlike the early Oodle partnership with Facebook, the Friendster relationship seems to provide OLX as the exclusive classified site.

OLX.com is also very popular outside of the US and a great web experience for users.    The sites traffic has been relatively flat over the last year and it would appear that a growth strategy for North America is required.

Overall its great to see a Classified sites still getting funding with Craigslist and Kijiji competing so actively.

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Posted by on Tuesday, April 15th, 2008 at 3:20 pm and is filed under Business Model, Classifieds. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.