OLX

Joining the mass layoff season, online marketplace OLX Group is slashing 15% of its workforce, or more than 1,500 employees, globally including in India

Shift to UVs from sedans, vans, and small cars to drive the trend

The market for used cars has been outselling, trend expected to continue

Policy vacuum speed breaker may slow down India's booming used car market

The pre-owned car market has got a boost with the entry of startups like Cars24, Olx Autos, Droom and CarTrade. But there's still a policy vacuum here. Let's understand how it can hit the market

The firm unveiled a new web as well as a mobile platform designed to bring a new level of innovation and convenience to pre-owned car trading in India

The accused had taken a picture of the "Jansampark Kaaryalay (public relations office)" of Modi in Varanasi

Olx says demand is 112 per cent of pre-Covid phase; Firms confident of demand sustenance beyond festivals

Even as the preference for a personal vehicle is growing owing to safety concerns, buyers are not willing to fork out much

If the repair cost is more than 50 per cent, it may make sense to replace

Defendant's web portal enables consumers to publish advertisements for selling and offering goods and services for a consideration

Industry estimates suggest the logistics sector will create employment for at least 3 million people by 2022, said OLX People

In collaborative systems, the role of the users may switch between ''consumers'' and ''producers''

In India, OLX and FCG have a joint venture that operates OLX CashMyCar stores across almost 17 cities

Sales of pre-owned cars in the domestic market stood at 4 million in 2018 and is estimated to be at 4.4 million in 2019, said OLX Auto Note study, a consumer report on the pre-owned car market

OLX is undergoing a complete overhaul as part of a global brand reform. Has it covered all the bases?

This will help address the growing requirement of over 60 million urban workforce in India valued at over $1 billion

At present, OLX gets around 120,000 fresh unique B2C listing every month and 450,000 unique listings every month overall

Classifieds platform OLX has become one of the first large e-commerce companies in India to turn profitable, putting even more pressure on Tiger Global-backed rival Quikr.In disclosures to the registrar of companies for financial year 2016-17, the company reported profit of Rs 8 crore on revenue of Rs 92.5 crore. Earnings rose 58 per cent from the previous year, according to the regulatory filings sourced from Tofler.OLX had reported a loss of Rs 2.1 crore for the 12 months ending March 2016.In June this year, Martin Scheepbouwer, chief executive of the classifieds business for Naspers (it has majority stake in OLX), had said OLX "out executed" Quikr in India. He, however, added that monetising the business in the country was still a few years away."India is a key early market for OLX, in which we had to deploy significant capital in the past years. This investment has been put to very good use by out-executing our main competitor, Quikr," Scheepbouwer had said.Quikr is far from ...

Desire to upgrade is the primary reason for selling mobile phones for 68% households in India

South India leads other regions on stocking, while among cities, Chandigarh and Kochi at 98% lead the stocking chart