Company Research Report: OLX Group
Company Overview
Name
OLX Group
Mission of the Company
We build leading marketplace ecosystems enabled by tech, powered by trust, and loved by our customers.
Founded
2006
Founders
No information is available.
Key People
- Christian Gisy: CEO (As of April 18, 2024)
- Lydia Paterson: Former CEO and current Operating Partner
- Amit Kumar: CEO of OLX India
Headquarters
Gustav Mahlerplein 5
1082 MS, Amsterdam
The Netherlands
Number of Employees
No information is available.
Revenue
No information is available.
Known For
OLX Group is known for facilitating secondhand trade through its online marketplace platforms, which help people buy and sell a wide range of products such as cars, housing, household goods, and more.
Products
Available Products
OLX Group operates several well-known consumer brands that offer secure, smart, and convenient trading platforms for buying and selling various products and services. These include:
- OLX
- Otomoto
- Property24
- AutoTrader
- Standvirtual
- letgo
- webuyanycar.com
High-Level Description of Products
These products represent online marketplaces where users can list and purchase items ranging from pre-owned cars and motorbikes to household goods, property listings, and job opportunities.
Key Features of Each Product
No information is available.
Recent Developments
New Developments in the Company
1. Christian Gisy Appointed as CEO: On April 18, 2024, Christian Gisy was appointed CEO, responsible for leading the operations and strategy for brands like OLX, Otomoto, Standvirtual, Property24, and AutoTrader.
2. Sustainability Projects:
- OLX India Study on Secondhand Cars: Released on April 5, 2023, this study highlighted that 71% of Indian consumers upgraded to less carbon-intensive cars through secondhand trade, contributing to a 14% reduction in combustion emissions per kilometer.
New Products Launched
No information is available.
New Features Added to Existing Products
No information is available.
New Partnerships
- Re-commerce Leader Cashify secures US$90M in Series E funding: Led by NewQuest and Prosus on August 30, 2022.
- otoplus buys 25% stake in Pilot Garage: Announced on July 28, 2022.
- OLX India’s Franchisee Model for Pre-owned Cars: Announced on August 27, 2020.
Impact and Sustainability
Environmental Impact
OLX Group has a significant focus on sustainability. Their platforms and brands facilitate the reuse of secondhand goods, contributing to substantial CO2 emissions savings. The company also undertakes various projects to enhance the circular economy, such as:
- OLX Autos Pilot Program in India: Aims to recycle end-of-life vehicles.
- Partnership with Poland’s National Postal Service: Collecting and recycling e-waste.
- Investment in Cashify: Electronics refurbishment in India.
Carbon Neutral Operations
OLX Group has achieved carbon neutrality for the second year in a row by purchasing carbon offsets. They aim to reach Net Zero emissions by setting science-based targets.
Initiatives for Employees
- Green Teams: Employee groups in over 17 countries working on reducing the carbon footprint.
- Sustainability Hackathon and Seed Fund: Includes a Sustainability Seed Fund to test and experiment with circular economy principles and climate impact reduction strategies.
Conclusion
OLX Group continues to expand its influential role in both the online marketplace ecosystem and sustainability initiatives. These efforts position the company as a key player in fostering a circular economy and reducing carbon emissions globally.
