OLX Group invests in CarFirst to revolutionize the way in which vehicles are traded in Pakistan. This OLX funding in CarFirst may be marked as one of many greatest funding rounds in Pakistan’s startup historical past and can ship probably the most complete expertise to auto consumers and sellers within the nation.
The mixture of OLX’s largest on-line auto stock and CarFirst’s hassle-free automobile buying and selling providers will present consumers, sellers, and sellers with industry-leading services and products. Automobile sellers will be capable to promote their vehicles by means of both the OLX classifieds platform or at CarFirst’s Buy Facilities. This can carry the world of on-line automobile buying and selling along with an on-ground community of worth added automobile providers.
OLX Group Put money into the Pakistan’s First On-line Used Automobile Promoting Platform CarFirst
OLX is the No.1 App in auto classifieds and one of many largest web sites in Pakistan with over 7 million month-to-month guests. Daily 5000+ vehicles are posted on OLX, with a brand new automobile posted each 2 seconds, making it the most important on-line auto market. OLX offers an open market to commerce vehicles, bikes, auto equipment throughout 115 cities in Pakistan.
CarFirst is a primary of its form used-car on-line public sale and buying and selling platform, with nationwide community buy facilities and warehouses. Automobile house owners can promote their vehicles in probably the most safe, handy, and clear method with CarFirst, whereas additionally offering its seller community easy accessibility to nationwide stock by means of their on-line public sale platform.
Bilal Bajwa, CEO, OLX Pakistan, mentioned:
“OLX has created Pakistan’s largest neighborhood of consumers, sellers, and companies in car sector with greater than 150,000 automobile listings generated each month. CarFirst is an thrilling enterprise empowering customers to money their automobile problem free and we need to gasoline their growth to facilitate OLX consumer by way of ease in transaction”
“This funding will carry unparalleled stage of providers for OLX Customers & along with CarFirst we are going to supply the most effective on-line auto expertise for people and Sellers in Pakistan.”
Raja Murad Khan, CEO and Co-Founding father of CarFirst, mentioned:
“CarFirst was based in 2016 and secured considered one of Pakistan’s largest spherical of Sequence ‘A’ funding from FCG”,
“This new funding with OLX comes on the good time for us to broaden operations. Within the coming 12 months, CarFirst and OLX will combine their providers to offer customers high of the road expertise in promoting and shopping for used vehicles, together with many new services and products which have by no means been supplied earlier than in Pakistan.”
Collectively, OLX and CarFirst will supply complete options for all issues associated to vehicles, akin to analysis, certification, financing, insurance coverage, dwell auctions, and lots of extra. OLX and CarFirst will collaborate so as to add worth throughout the shopper’s journey, enhancing effectivity and transparency at each milestone of the automobile buying and selling course of.
OLX is world’s largest on-line shopping for and promoting platform powered by a crew of 5,000 individuals, engaged on 17 manufacturers, from 35 workplaces throughout 5 continents and 40 nations. In Pakistan, OLX is the No.1 Market throughout 14 completely different classes together with Auto, Actual Property, Cellular,Electronics, Jobs and Companies. OLX generates greater than 20 Million pageviews in a day having 5 million App downloads. OLX believes in making individuals profitable and spreading win win transactions. Over 50,000 conversations happen every day on OLX with an advert being posted each 2 seconds.
CarFirst is a primary of its form used-car on-line public sale and buying and selling platform, with a community of over 13 buy facilities in Lahore, Karachi, and Islamabad. Automobile house owners can promote their vehicles in probably the most safe, handy, and clear method with CarFirst, whereas additionally offering its seller community easy accessibility to nationwide stock by means of their on-line public sale platform. CarFirst has been the recipient of the most important Sequence A funding in Pakistan from FCG, and now the most important Sequence B funding from OLX.
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