There has been news that the DST investor and South African media conglomerate Naspers has purchased a share at the OLX which the co-founder of the company Alec Oxenford and Fabrice Grinda has confirmed. Expert say that it is one of the best moves the Naspers has made this year.
OLX is an online free classified company similar to craiglist. Though the company is having problem with competing with Craigslist in the United States it is making its name internationally. It is the current leading website in Asia and Latin America. It has about 125 million worldwide unique visitors per month. And it is available in 40 languages.
Although the investment amount of Naspers wasn’t disclose to the public it was estimated to be in-between the range of $20 to $40 million. The Naspers also did buy out shares from the previous OLX’s investors, namely The Founders Fund, Bessemer Venture Partners, Nexus Venture Partners, General Catalyst Partners and DN Capital.
Girls rule! That’s their slogan on Lillyslist.com, a new online classifieds site that is said to dominate against Craigslist and another popular online classifieds site Backpage. Lillyslist is a US based website and is specifically only for the U.S. market. Their listings are somewhat similar to Craigslist where you can find it straight from their main page and you can search further through their extended listings which is something that Craigslist doesn’t have.
Their free classifieds have prices in the U.S. that are very competitive compared to Craigslist, they said and is perfect for practically everyone in the U.S. who are in need of marketing their products or are in search of items. Other parts of the site include personals where you can also find love. Wonder if they have a way to control it and prevent future crimes.
The Lillyslist.com wants to be a one stop shop for the U.S. market as there are other international classifieds elsewhere so they primarily focused on the U.S. Let’s all just wait and see if this new site will become a great competitor for Craigslist or it will hit the swamp as other similar sites have.
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