OLX has denied testing an independent logistics service to expand beyond its ad-supported classifieds business. Last week, Mint reported that OLX is exapnding its services to logistics in Bangalore, New Delhi and Chennai. An OLX spokesperson told MediaNama that the company had no role in contributing to the Mint article. “You'll see that there are no quotes from us in the article,” added the spokseperson The Livemint report claimed to have heard about the development from people who “spoke on condition of anonymity” to the publication. The report suggested that OLX is testing a new logistics services through tie-ups with startups for delivering furnitures and heavy electronic goods. The unidentified source seems to be not representing OLX, but claimed that the classifieds company has chosen not to tie up with third-party logistics companies. “They are approaching start-ups directly. So it will become a direct customer acquisition game for the logistics start-ups with OLX acting as a facilitator. They are not looking at it purely from a monetization perspective.” the source told Livemint. Other developments at OLX: – In January, OLX said that it would be launching a property listing portal in Indonesia this month, on its 10 year anniversary in the country, as indicated by this e27 report. – In September 2015, the Olx said that 80% of its monthly active users on OLX on mobile were from in India. According Naspers’ annual report, OLX had 240 million monthly active users in over 40 countries across the world. Globally about 54% of…
