OLX, a CraigsList look-alike, has secured some $13.5 million in second round funding according to a report from PEHub.com. Backers are listed as General Catalyst Partners, Bessemer Venture Partners, Founders Fund and DN Capital.
This is one we have looked into before when doing comparisons. It is of those online portal and classifieds destinations that has sprouted up on the web last year (although it says founded 2006). The focus on this one seems to be more of an international focus rather than US-dominated, although many listings are in the U.S.
OLX says that it means free local classifieds on a global level, which allows users to meet others, express themselves, trade products, find jobs, apartments, offer services, and more. According to its own site, the company is privately held and was founded in 2006. The service does say it will send an accept PayPal payments.
The company site lists the following as its target markets: Algeria, Argentina, Australia, Belarus, Belgium, Brazil, Canada, Chile, Colombia, Ecuador, France, Germany, Hong Kong, India, Indonesia, Ireland, Italy, Malaysia, Mexico, Morocco, New Zealand, Pakistan, Paraguay, Peru, Philippines, Poland, Portugal, Russia, Singapore, South Africa, Spain, Switzerland, Taiwan, Thailand, Tunisia, Ukraine, United Arab Emirates, United Kingdom, United States, and Venezuela.
Interestingly enough, it also says users can be assured of a spam-free experience. Did they figure out a way to keep the Indian IT shops from sending you spam email for an IT request that you specify as on-site and local only with the request of no foreign firms sending emails (and they still do!)? While it is a Craigslist look-alike, the number of postings and the offerings seem a small fraction in comparison.
OLX, a Craigslist look-alike, gets second round funding
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