Friday, 24 March, 2023

OLX Group to invest up to $400 million in online car marketplace Frontier Car Group

<p>OLX Group will invest up to $400 million in the Berlin-based online car marketplace Frontier Car Group (FCG). This new investment of up to $400 million comprises a primary injection of capital in FCG, the contribution of OLX&rsquo;s joint-venture shares in India and Poland, as well as the acquisition of shares held by early investors. Last year, OLX India entered into a joint venture with FCG to launch OLX CashMyCar, a platform to buy and sell used cars in India</p>