We've been hearing recently that South African media conglomerate and recent DST investor Naspers was sniffing around Crasiglist competitor OLX. Today, we confirmed with OLX co-founders Alec Oxenford and Fabrice Grinda that Naspers has made a strategic investment in the online classifieds company.
While Buenos Aires-based OLX is not disclosing the amount invested, we've heard from sources that the investment was in the range of $20 to $40 million. Naspers also bought out the shares of all of OLX's previous investors, which include Nexus Venture Partners, The Founders Fund, DN Capital, General Catalyst Partners, and Bessemer Venture Partners. Prior to this round of funding, OLX had raised nearly $30 million.
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