Buy and sell platform OLX Philippines has formally announced its integration with another buy and sell platform, Carousell. The announcement was first delivered in April 2019, when Singapore-based Carousell received a $56 million funding from Naspers’ OLX Group. Through the deal, Carousell will acquire the OLX Philippines business. Raffy Montemayor, General Manager of OLX Philippines, will manage Carousell’s operations in the market and lead the transition. OLX Philippines made their official announcement on its official Facebook page, stating that they will be integrated under Carousell.ph to form a single platform. Two of the leading buy and sell platforms in the Philippines, Carousell and OLX, will merge soon. In a report by DealStreetAsia, the announcement came after Singapore-based Carousell received a $56 million funding from Naspers' OLX Group. And as part of the deal, Carousell will acquire the OLX Philippines business. Read more in our articles including "OLX Philippines to merge with Carousell.ph" and "Carousell to acquire OLX Philippines business".
Buy and sell platform OLX Philippines has formally announced its integration with another buy and sell platform, Carousell. The announcement was first delivered in April 2019, when Singapore-based Carousell received a $56 million funding from Naspers’ OLX Group.
Through the deal, Carousell will acquire the OLX Philippines business. Raffy Montemayor, General Manager of OLX Philippines, will manage Carousell’s operations in the market and lead the transition. OLX Philippines made their official announcement on its official Facebook page, stating that they will be integrated under Carousell.ph to form a single platform.
Our coverage of olx carousell philippines includes: "OLX Philippines to merge with Carousell.ph"; "Carousell to acquire OLX Philippines business"; "vivo Y31d now officially available, price, specs in PH". Each article provides unique insights and information.