Naspers made a strategic investment in OLX
The cat is out of the bag. We had not planned on disclosing the investment, but given the sheer number of people aware of the transaction (all of our employees and the LPs of our VCs) it was bound to happen. Someone tipped off Techcrunch that Naspers had invested in OLX and my partner Alec Oxenford and I confirmed the deal.
We are excited about Naspers’ involvement which will allow us to grow even faster than before.
We can’t wait to see where we can take OLX and how fast we can get there!
You can read the Techcrunch article at:
http://techcrunch.com/2010/08/26/naspers-makes-strategic-investment-in-craigslist-competitor-olx/
Comments (16)
Congrats!
Fabrice, Congratulations!
Congratulations!
fabrice what is the update with the master cleanse, did you gain everything back or just some?
About half for now.
I think it will depend on whether I can exercise or not. My knees have really been a limiting factor. I have not been able to ski in 2 years, I had to give up running, kickboxing (which is why I lost my muscle mass to begin with) and each time I play tennis my knees swell up so much I have to give up on my rehab exercises…
Back to the doctor on Monday to get them checked out (after 2 more days of kite surfing ;)
Congrats!
Congrats!
Congratulation Fabrice, well done!
Great work Fabrice and the OLX team – Congratulations !!!
Congrats!
incredible. this also brings inspiration to many others!! keep it up!
congrats Fabrice!
Congrats!
Says Bloomberg : “In August, Naspers paid $144 million for 68 percent of OLX, which has a classifieds business in Latin America”
You did again ! Congrats …
Thanks :)
… welcome: next time you’re around to see Koos, drop us an email, we could use some advices here building IT companies in emerging countries.. surtout avec un focus sur l’Afrique:)