Afrobility: Africa Tech and Business

#52: OLX Africa - How the Classifieds platform initially grew and eventually shut down across Africa


Listen Later

Overview: Today, we’re going to talk about OLX -  the classifieds & marketplace platform. We’ll explore the OLX Africa story across 4 areas:

  1. OLX's early history
  2. OLX's growth in other emerging markets
  3. OLX Africa's early history & Naspers acquisition
  4. Naspers OLX exit from Africa
  5. This episode was recorded on June 5, 2022.


    Companies discussed: OLX, Jiji, Craigslist, Konga, Naspers, Kalahariads, Dealfish, Pricecheck, Mocality & Tradestable


    Business concepts discussed: Classifieds platforms, classifieds monetization, M&A strategy, e-commerce, social commerce, lift and shift business models & international expansion


    Conversation highlights:

    • (01:30) - OLX context
    • (06:30) - How classifieds work
    • (12:00) - OLX founding and early history
    • (26:03) - OLX entry into other emerging markets
    • (31:10) - OLX entry into Africa
    • (45:32) - Product and monetization strategy
    • (58:17) - Discussing OLX’s Africa exit
    • (1:22:54) - Olumide’s overall thoughts and outlook
    • (1:10:58) - Bankole’s overall thoughts and outlook
    • (1:38:39) - Recommendations and small wins

    • Olumide’s recommendations & small wins:

      • Recommendation: Microsoft 365. I’ve used it for 17 years and it just gets better and better
      • Small win: Using my old Lenovo ThinkPad from 2016. My computer crapped out on Friday and so I had to dust the cobwebs and it still works
      • Interested in investing in Africa Tech with Olumide: Read about Adamantium fund & contact me at [email protected]
      • Founders looking for funding: If you're a B2B founder working on Education, Health, Finance or food, please contact me for funding at olumide@afrobility.

      • Bankole’s recommendations & small wins:

        • Recommendation: Cryptocurrency 161,  Reversion to the mean: the real long COVID - by John Luttig & Heartwarming story - Installing a payphone in my house
        • Small win: 4 mile run after a long break
        • Other content: Why I am leaving OLX - Fabrice Grinda, Margin Call - IMDB & Larry Tesler - Inventor of Copy and Paste

        • Listeners: We’d love to hear from you. Email [email protected] with feedback!

          Founders & Operators: We'd love to hear about what you're working on, email us at [email protected]

          Investors: It would be great to link up with you. Contact us at [email protected]

          Join our insider mailing list where we get feedback on new episodes & find all episodes on Afrobility.com

          ...more
          View all episodesView all episodes
          Download on the App Store

          Afrobility: Africa Tech and BusinessBy Olumide Ogunsanwo and Bankole Makanju

          • 5
          • 5
          • 5
          • 5
          • 5

          5

          39 ratings


          More shows like Afrobility: Africa Tech and Business

          View all
          Acquired by Ben Gilbert and David Rosenthal

          Acquired

          4,499 Listeners

          Next Africa by Bloomberg

          Next Africa

          187 Listeners

          The Journal. by The Wall Street Journal & Spotify Studios

          The Journal.

          6,083 Listeners

          Empire by Goalhanger

          Empire

          2,483 Listeners