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letgo Raises $175M as Top Mobile Marketplace Nears $23B in Annual Transactions

18 January 2017

With 20M monthly active users & 45M downloads, letgo is the fastest growing mobile marketplace to buy & sell locally. Proprietary artificial intelligence & image recognition fuel explosive user growth. Series C round led by Naspers, Accel, Insight Venture Partners, New Enterprise... Read more

OLX Group invests ZAR 1.4 billion in South Africa’s specialised car buying service, Webuycars

18 September 2018

Investment to improve customer experience and to position Webuycars for increased growth. Naspers’ Classifieds business, OLX Group, announced today, an investment of ZAR 1.4 billion in South Africa’s specialised car buying service, Webuycars, pending approval by local authorities... Read more

letgo Receives $500M New Funding Commitment from Naspers

8 August 2018

Top secondhand app passes 100M downloads and 400M listings Users have sent each other over 6B messages in the startup’s app since its 2015 launch, up to 13M daily New financing will accelerate growth, product evolution, expansion into new verticals and monetization NEW YORK - letgo... Read more

OLX and PROPERATI come to an agreement to join forces in Latin America

22 June 2018

The deal will strengthen OLX presence in the online Real Estate sector and expand credit to more than 2,500 developers, agents and professional groups across the region Buenos Aires, June 22, 2018 - OLX, one of the world's leading classifieds marketplace, and Properati, leading real... Read more

OLX Group Invests USD 89 million in Frontier Car Group

24 May 2018

Investment will support Frontier Car Group’s continuing expansion and disruption of the used car market in high-growth markets Amsterdam, 24th May 2018: Naspers’Classifieds business, OLX Group, today announced it has invested USD 89 million through its early-stage investment arm OLX Ventures... Read more

naspers test workflow

9 November 2016

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Morbi auctor bibendum lectus, in placerat lorem consectetur id. Sed in metus felis. Fusce eget nisi turpis, et facilisis tellus. Sed mattis mauris in erat adipiscing malesuada. Mauris vel lectus commodo sem pulvinar hendrerit nec vel est.... Read more

Follow the Leader: Alec Oxenford, founder of OLX and Letgo

21 June 2016

Read the first in our new Follow the Leader series, where we profile entrepreneurs making waves in high growth tech markets around the world. For our inaugural post, we spoke with Alec Oxenford, co-founder of Naspers companies OLX and letgo . Q: What is your role at Naspers... Read more

Avito AB Trading Statement 1st quarter 2016

16 May 2016

Avito AB (“Avito” or the “Company”), which operates Russia’s largest online classifieds website, Avito.ru, hereby announces non-audited results and key performance indicators for the 1st quarter 2016. In 2016 all revenues were substantially generated from the Avito.ru website. Key... Read more