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OLX
OLX Group is a Dutch-domiciled online marketplace headquartered in Amsterdam. The OLX consumer brand originated as OnLine eXchange in 2006. OLX Group is owned by Prosus, the international assets division of Naspers. History OLX brand and Naspers (2006-15) Fabrice Grinda and Alec Oxenford started the company as a Craigslist alternative for the world outside of the United States. OLX is the leading classifieds website for users in UAE (under the name of dubizzle.com), Egypt, Bahrain, Saudi Arabia, Lebanon, Kuwait, Oman and Qatar. Since its launch in 2005 by J.C. Butler and Sim Whatley, dubizzle.com has become the number one platform for users to buy, sell, or find anything in their community. dubizzle is an OLX company. In 2006, it acquired Mundoanuncio.com, a classifieds site targeting the Hispanic market and in 2007, it made an investment in Chinese classifieds site Edeng.cn. In 2009, the company partnered with social network Hi5. Naspers acquired a majority ownership in OL ...
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Tradus
TRADUS is a global B2B marketplace for used commercial vehicles and heavy machinery in the categories Transport, Construction, Farming and Material Handling. In addition to vehicles and machines, sellers can also offer spare parts and pre-owned equipment. The user base of TRADUS consists of buyers and sellers from over 40 countries. Integrated translation software makes it possible for sellers and buyers from these countries to communicate in their own language. TRADUS is part of the OLX Group, a global product and tech company operating in more than 40 countries and employing more than 5,000 people worldwide. History In late 2016 Tradus.com was launched as a heavy machinery classifieds site by the OLX Group. TRADUS is based in Amsterdam. Currently, around 25 people work at the company. OLX Group TRADUS is part of the OLX group, a network of online classified advertising platforms in 45 markets, including brands like OLX, Avito, Letgo, Dubizzle, Storia, and Stradia, among ...
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Alec Oxenford
Alejandro Carlos "Alec" Oxenford is an Argentine entrepreneur. He co-founded OLX, and co-founded letgo, a mobile classified ad app in the United States. Personal life Raised in Argentina, Oxenford received a BA in Business Administration from the Pontifical Catholic University of Argentina and an MBA from Harvard University. Oxenford is an art collector, focusing on Argentinian artists, such as Liliana Porter, Eduardo Navarro, Carlos Huffmann and Martin Legon. His collection includes about 280 pieces. In 2013, he became the president of the arteBA Foundation, the nonprofit that organizes the arteBA art fair, a Latin American event. Career He previously worked for the Boston Consulting Group, and was the CEO of DeRemate.com, an online trading platform in Latin America, which sold to eBay. The story of the company is included in the book ''Six Billion Shoppers: The Companies Winning the E-Commerce Boom'' by Peter Erisman. He also co-founded DineroMail.com. A 2014 article ...
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Fabrice Grinda
Fabrice Grinda (born 3 August 1974) is a French entrepreneur, blogger for ''Business Insider'' and super angel, with more than 200 investments around the world, including Alibaba Group, Airbnb, Beepi, FanDuel, Palantir, and Windeln. Grinda is the co-founder and former CEO of Aucland, Zingy, and OLX and is a frequent conference speaker on trends in technology, emerging markets, and investing. Studies Grinda was born in Boulogne Billancourt in France and grew up in Nice, where he graduated high school C Massena in 1992. He left France to attend Princeton University and graduated summa cum laude in 1996; he was awarded the Halbert White '72 prize for most distinguished economics student and the Wolf Balleisen memorial prize for best economics thesis. Entrepreneurial activities While at Princeton, Grinda created Princeton International Computers, exporting high-end computer equipment from the U.S. to Europe. He then worked as a consultant for McKinsey from 1996 to 1998 before ...
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Prosus
Prosus N.V., or Prosus, is a global investment group that is investing and operating across sectors and markets with long-term growth potential. It is among the largest technology investors in the world. Prosus has invested across multiple verticals, including social / gaming, classifieds, payments and fintech, edtech, food delivery and ecommerce. Products and services of its businesses and investments are used by more than 1.5 billion people in 89 markets. Prosus is majority-owned by South African multinational Naspers. In September 2019, Prosus's ordinary shares were listed on Euronext Amsterdam and, as a secondary inward-listing, on the Johannesburg Stock Exchange. Subsequent to its , Prosus is the largest consumer Internet company in Europe by asset value. Shares in the company were reported to have "soared on debut," although the company was trading at a significant discount to the value of its portfolio. Business The group's expansion into Internet platforms began in th ...
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Avito
Avito is a Russian classified advertisements website with sections devoted to general goods for sale, jobs, real estate, personals, cars for sale, and services. Avito is the most popular classifieds site in Russia and is the biggest classifieds site in the world. In January 2019, it had more than 10.3 million unique daily visitors. On average, Avito's users post more than 500,000 new ads daily and the overall ads are about 60 million active listings. In 2015''-''2019, the Russian Forbes put the service in third place in the list of the most expensive companies of the Runet, estimating it at $4.9 billion. History Avito was founded in 2007 in Moscow. In 2010, Avito.ru collected a large amount of capital from venture capitalist Northzone. In 2012, Avito launched in Egypt and Morocco, where in a few months became those countries' biggest classified ads site. In 2013, Avito merged with its Russians competitors Slando.ru and OLX.ru to become the Russian market leader for classifie ...
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Letgo
Letgo (stylized letgo) was a company that provided a website and app that allows users to buy from, sell to and chat with others locally. The products launched in 2015. History Launched in January 2015 by Alec Oxenford, former CEO of OLX, the app initially targeted the U.S. market, competing against eBay and Craigslist, the online marketplace leaders since the 1990s. In May 2016, the company merged with Wallapop, another mobile classifieds startup. Letgo remained the majority owner of the company and the brand remained Letgo. At the time, there were about 10 million monthly active users between the two apps, according to SurveyMonkey data published by TechCrunch. From its launch, the company did not charge for its services, earning no revenue, as part of its strategy to grow quickly. As of June 2018, the listing service remained free, but the app added a paid beta feature allowing users to place their sales item above organic search results. Three quarters of the first round inv ...
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Naspers
Naspers Limited is a South African multinational internet, technology and multimedia holding company headquartered in Cape Town, with interests in online retail, publishing and venture capital investment. Naspers' principal shareholder is its Dutch listed investment subsidiary Prosus, which owns approximately 49% of its parent as part of a cross ownership structure. Founded in 1915 by attorney W. A. Hofmeyr, Naspers was the largest publishing company in South Africa throughout the 20th century with interests across newspapers, magazines and books. In the 1980s the company began to diversify, launching a subscription television service and investing in markets outside of South Africa for the first time. In 2001, Naspers made an early investment in Chinese technology firm Tencent and became increasingly focused on the global consumer internet sector. In 2019, Naspers listed its global internet investment business unit Prosus (including a 31% stake in Tencent) on Euronext Amster ...
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Oman
Oman ( ; ar, عُمَان ' ), officially the Sultanate of Oman ( ar, سلْطنةُ عُمان ), is an Arabian country located in southwestern Asia. It is situated on the southeastern coast of the Arabian Peninsula, and spans the mouth of the Persian Gulf. Oman shares land borders with Saudi Arabia, the United Arab Emirates, and Yemen, while sharing Maritime boundary, maritime borders with Iran and Pakistan. The coast is formed by the Arabian Sea on the southeast, and the Gulf of Oman on the northeast. The Madha and Musandam Governorate, Musandam exclaves are surrounded by the United Arab Emirates on their land borders, with the Strait of Hormuz (which it shares with Iran) and the Gulf of Oman forming Musandam's coastal boundaries. Muscat is the nation's capital and largest city. From the 17th century, the Omani Sultanate was Omani Empire, an empire, vying with the Portuguese Empire, Portuguese and British Empire, British empires for influence in the Persian Gulf and Indian ...
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Kuwait
Kuwait (; ar, الكويت ', or ), officially the State of Kuwait ( ar, دولة الكويت '), is a country in Western Asia. It is situated in the northern edge of Eastern Arabia at the tip of the Persian Gulf, bordering Iraq to the north and Saudi Arabia to the south. Kuwait also shares maritime borders with Iran. Kuwait has a coastal length of approximately . Most of the country's population reside in the urban agglomeration of the capital city Kuwait City. , Kuwait has a population of 4.45 million people of which 1.45 million are Kuwaiti citizens while the remaining 3.00 million are foreign nationals from over 100 countries. Historically, most of present-day Kuwait was part of ancient Mesopotamia. Pre-oil Kuwait was a strategic trade port between Mesopotamia, Persia and India. Oil reserves were discovered in commercial quantities in 1938. In 1946, crude oil was exported for the first time. From 1946 to 1982, the country underwent large-scale modernization, largely b ...
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Lebanon
Lebanon ( , ar, لُبْنَان, translit=lubnān, ), officially the Republic of Lebanon () or the Lebanese Republic, is a country in Western Asia. It is located between Syria to the north and east and Israel to the south, while Cyprus lies to its west across the Mediterranean Sea; its location at the crossroads of the Mediterranean Basin and the Arabian hinterland has contributed to its rich history and shaped a cultural identity of religious diversity. It is part of the Levant region of the Middle East. Lebanon is home to roughly six million people and covers an area of , making it the second smallest country in continental Asia. The official language of the state is Arabic, while French is also formally recognized; the Lebanese dialect of Arabic is used alongside Modern Standard Arabic throughout the country. The earliest evidence of civilization in Lebanon dates back over 7000 years, predating recorded history. Modern-day Lebanon was home to the Phoenicians, a m ...
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Saudi Arabia
Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in Western Asia. It covers the bulk of the Arabian Peninsula, and has a land area of about , making it the fifth-largest country in Asia, the second-largest in the Arab world, and the largest in Western Asia and the Middle East. It is bordered by the Red Sea to the west; Jordan, Iraq, and Kuwait to the north; the Persian Gulf, Qatar and the United Arab Emirates to the east; Oman to the southeast; and Yemen to the south. Bahrain is an island country off the east coast. The Gulf of Aqaba in the northwest separates Saudi Arabia from Egypt. Saudi Arabia is the only country with a coastline along both the Red Sea and the Persian Gulf, and most of its terrain consists of arid desert, lowland, steppe, and mountains. Its capital and largest city is Riyadh. The country is home to Mecca and Medina, the two holiest cities in Islam. Pre-Islamic Arabia, the territory that constitutes modern-day Saudi Ar ...
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Bahrain
Bahrain ( ; ; ar, البحرين, al-Bahrayn, locally ), officially the Kingdom of Bahrain, ' is an island country in Western Asia. It is situated on the Persian Gulf, and comprises a small archipelago made up of 50 natural islands and an additional 33 artificial islands, centered on Bahrain Island which makes up around 83 percent of the country's landmass. Bahrain is situated between Qatar and the northeastern coast of Saudi Arabia, to which it is connected by the King Fahd Causeway. According to the 2020 census, the country's population numbers 1,501,635, of which 712,362 are Bahraini nationals. Bahrain spans some , and is the third-smallest nation in Asia after the Maldives and Singapore. The capital and largest city is Manama. Bahrain is the site of the ancient Dilmun civilization.Oman: The Lost Land
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