Investments
9Portfolio Exits
5Partners & Customers
5
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Latest OLX Group News
Sep 19, 2023
Share this Post: OLX has consolidated all the brands under its Brazilian classifieds operation under the new name Grupo OLX. The leading horizontal classifieds marketplace in Brazil, the now-named Grupo OLX includes real estate portals Zap Imóveis and VivaReal. The new branding will be unveiled at the Transamerica Expo Center in Sao Paulo on September 20, 2023. In a post on LinkedIn, Marcos Leite, CMO and general manager of real estate at Grupo OLX, said: "As part of this change, our real estate vertical ceases to position itself as ZAP+ and starts to write this history as OLX Group, translating the power of our connections, evidencing the strength of the three largest portals in Brazil, ZAP, Viva Real and OLX Imóveis, to further expand the real estate market, generating more value for our clients' businesses. "In these 13 years, we have transformed the way Brazilians consume second-hand products. In 2020, when we acquired the ZAP Group, we gained leadership in the real estate segment with the ZAP, Viva Real and OLX Imóveis portals. "The change to Grupo OLX expresses our vision and commitment to innovation and excellence." [Translated from Brazilian Portuguese] Meanwhile, Grupo OLX has also appointed Florence Scappini as its new VP of Marketing. In a post on her personal LinkedIn account, Scappini said she is "convinced that we will reach new levels of success and contribute to the continuous growth of OLX Brasil". Grupo OLX is a joint venture between Adevinta and Netherlands-based Prosus, and competes with unicorn Quinto Andar for the number-one spot in South America's biggest market. The good news for Grupo OLX is that it occupies the top two steps on the podium in terms of web traffic on its portals:
OLX Group Investments
9 Investments
OLX Group has made 9 investments. Their latest investment was in fyrtel as part of their Seed on June 6, 2022.

OLX Group Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
6/22/2022 | Seed | fyrtel | $0.89M | Yes | Allegro, CofounderZone, Movens Capital, OLX Group, Trustpilot, and Undisclosed Angel Investors | 1 |
4/28/2020 | Series E | |||||
3/25/2020 | Series E | |||||
11/11/2019 | Secondary Market | |||||
11/11/2019 | Series D |
Date | 6/22/2022 | 4/28/2020 | 3/25/2020 | 11/11/2019 | 11/11/2019 |
---|---|---|---|---|---|
Round | Seed | Series E | Series E | Secondary Market | Series D |
Company | fyrtel | ||||
Amount | $0.89M | ||||
New? | Yes | ||||
Co-Investors | Allegro, CofounderZone, Movens Capital, OLX Group, Trustpilot, and Undisclosed Angel Investors | ||||
Sources | 1 |
OLX Group Portfolio Exits
5 Portfolio Exits
OLX Group has 5 portfolio exits. Their latest portfolio exit was Avito on October 14, 2022.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
10/14/2022 | Acq - Fin | 2 | |||
Date | 10/14/2022 | ||||
---|---|---|---|---|---|
Exit | Acq - Fin | ||||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 2 |
OLX Group Acquisitions
7 Acquisitions
OLX Group acquired 7 companies. Their latest acquisition was Obido on February 25, 2021.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
2/25/2021 | Acquired | 1 | ||||
10/22/2020 | ||||||
10/7/2020 | Private Equity | |||||
9/9/2020 | Other | |||||
10/28/2019 |
Date | 2/25/2021 | 10/22/2020 | 10/7/2020 | 9/9/2020 | 10/28/2019 |
---|---|---|---|---|---|
Investment Stage | Private Equity | Other | |||
Companies | |||||
Valuation | |||||
Total Funding | |||||
Note | Acquired | ||||
Sources | 1 |
OLX Group Partners & Customers
5 Partners and customers
OLX Group has 5 strategic partners and customers. OLX Group recently partnered with Bad Habits on January 1, 2023.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
1/13/2023 | Partner | Romania | Bad Habits becomes the social media agency for OLX Romania The partnership between Bad Habits and OLX Group aims to develop the digital strategy and create content on TikTok , Instagram , Facebook and new channels . | 1 | |
12/21/2021 | Vendor | ||||
8/28/2019 | Partner | ||||
2/21/2019 | Partner | ||||
11/14/2018 | Partner |
Date | 1/13/2023 | 12/21/2021 | 8/28/2019 | 2/21/2019 | 11/14/2018 |
---|---|---|---|---|---|
Type | Partner | Vendor | Partner | Partner | Partner |
Business Partner | |||||
Country | Romania | ||||
News Snippet | Bad Habits becomes the social media agency for OLX Romania The partnership between Bad Habits and OLX Group aims to develop the digital strategy and create content on TikTok , Instagram , Facebook and new channels . | ||||
Sources | 1 |
OLX Group Team
31 Team Members
OLX Group has 31 team members, including , .
Name | Work History | Title | Status |
---|---|---|---|
Fabrice Grinda | Zingy, Aucland, and McKinsey & Company | Founder | Current |
Name | Fabrice Grinda | ||||
---|---|---|---|---|---|
Work History | Zingy, Aucland, and McKinsey & Company | ||||
Title | Founder | ||||
Status | Current |