Monday, April 14, 2008

OLX Inc., a Craigslist clone that focuses on free online classifiedshas raised $13.5 million

OLX means free local classifieds on a global level. OLX allows you to meet others, express yourself, trade products, find jobs, apartments, and much more!

They built OLX to improve on traditional classified sites, which are functional but missing key features to really deliver a proper public service to communities everywhere.

Unique Features:
Easily design rich HTML listings.
Control your selling, buying, and community activity in My OLX.
Send or accept PayPal payments.
Be assured of a spam-free experience.
Promote your listings on other websites, like MySpace, Xanga, and Blogspot.
Discuss listings with other interested users.
Search for items near you, wherever you live.
View our site in your local language.

How Much They Got From VCs:
OLX Inc., a Craigslist clone that focuses on free online classifieds focused on markets outside the U.S., has raised $13.5 million in second-round funding. Backers include General Catalyst Partners, Bessemer Venture Partners, Founders Fund and DN Capital.

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