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Online classifieds belvedere OLX has launched concrete food alleged “Cash My Car” for the bargain of buzz cars in a collective adventure with German startup Frontier Car Group. Frontier is backed by the OLX Group.
Olx said that 27 Cash My Car food were already operational in Delhi NCR (including Noida, Gurgaon, Ghaziabad, and Faridabad) Bangalore, Mumbai, Hyderabad, Pune, Chennai. It plans to aggrandize to 150 food in 40 cities by the end of 2021.
OLX claims to accept 1,000 alive buyers on the platform, and expects accelerated growth. It claims that ‘a few thousand’ barter accept awash cars on the platform. When asked about how the belvedere will be monetized, OLX India VP Amit Kumar, who additionally active OLX Cash My Car, said that the aggregation is evaluating those options, afterwards advertence any specifics. He said it would aggrandize to added cities based on the car body per capita and projected growth, which “typically translates to the top Tier-1 and Tier-2 towns.”
Cash My Car’s action is modeled on FCG’s action —
Earlier in May, the OLX Group pumped in $89 actor in Frontier Car Group. FCG is a buzz car bargain site, and operates abundantly in developing countries including in India, Nigeria, Mexico, Chile and Pakistan. The amalgamation will accommodate technology administration amid the OLX Group and FCG to build more OLX Cash My Car stores.
OLX sells items through Avito, dubizzle and letgo amid others, which are classifieds platforms in Russia, UAE, and the US respectively. All three are backed by South Africa based internet aggregation Naspers, which is additionally an broker in the OLX Group.
Edit: We’ve adapted the adventure with responses from OLX.
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