Naspers made a strategic investment in OLX

August 26, 2010

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/

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