wordpress blog stats
Connect with us

Hi, what are you looking for?

Updated: OLX launches physical used car stores Cash My Car

Online classifieds platform OLX has launched physical stores called "Cash My Car" for the sale of second-hand cars in a joint venture with German startup Frontier Car Group. Frontier is backed by the OLX Group. Olx said that 27 Cash My Car stores were already operational in Delhi NCR (including Noida, Gurgaon, Ghaziabad, and Faridabad) Bangalore, Mumbai, Hyderabad, Pune, Chennai. It plans to expand to 150 stores in 40 cities by the end of 2021. OLX claims to have 1,000 active buyers on the platform, and expects rapid growth. It claims that 'a few thousand' customers have sold cars on the platform. When asked about how the platform will be monetized, OLX India VP Amit Kumar, who also heads OLX Cash My Car, said that the company is evaluating those options, without mentioning any specifics. He said it would expand to other cities based on the car density per capita and projected growth, which "typically translates to the top Tier-1 and Tier-2 towns." How it works Cash My Car's process is modeled on FCG's process — An OLX Cash My Car personnel inspects a seller's car for free after they request an inspection. The car can be inspected at a Cash My Car store or at another location. The personnel will check the car's physical condition and paperwork, after which the car is auctioned online to Cash My Car partners. Sujay Tyle, co-founder and CEO of FCG, said that Cash My Car runs 'live' auctions, and seller can see the process and…

Please subscribe/login to read the full story.
Written By

I cover health, policy issues such as intermediary liability, data governance, internet shutdowns, and more. Hit me up for tips.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Amazon announced that it will integrate its logistics network and SmartCommerce services with the Open Network for Digital Commerce (ONDC).

News

India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?

News

After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples

News

In the case of the ‘deemed consent' provision in the draft data protection law, brevity comes at the cost of clarity and user protection

News

The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ