Overseas Craigslist rival OLX brings in $5M to fuel rapid growth
OLX, a self-styled Craigslist competitor that has gained traction abroad, announced that it’s raised $5 million in a third-round of capital to continue its expansion in 87 countries and 39 languages. It will use the money to improve its site and beef up its marketing efforts (though calling itself “the largest free classifieds site no one’s ever heard of” might not be the best strategy).
It’s likely that New York and Buenos Aires-based OLX will also… Continue Reading
OLX, a competitor to classifieds site Craigslist, raises $13M
OLX, a company competing with classifieds site Craigslist, but more popular outside of the U.S. than it is here, has raised $13 million in a second round of financing.
The company, based in New York and Buenos Aires, is like Craigslist in that it focuses on urban centers to ensure mass. To gain visibility, it partnered with social networking company Friendster — which has also has more traction outside of the U.S.
The two-year-old company was started… Continue Reading
Coupa raises $6M to manage business spending
Updated
Even though a recession is looming (and venture investment has slowed) not everyone is doing badly. In fact, the tough times may benefit some companies, such as electronic procurement startup Coupa Software, which just raised $6 million in a second round of funding.
Foster City, Calif.-based Coupa may be one of the few companies that actually does better in the tough economic times ahead — as businesses tighten their belts, Coupa’s services will become even more… Continue Reading