OLX

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LX is the world’s leading classifieds platform in growth markets. OLX makes it so easy to connect people to buy, sell or exchange used goods and services. It’s completely free, and it can be used from a laptop or mobile phone. Every month, hundreds of millions of people use OLX to find and sell furniture, musical instruments, cars, houses and more. You can buy and sell almost anything with OLX.

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News

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The Complete List of Latin American Unicorns [Updated 2020]

11 months ago

Contxto – With Latin America growing as an important axis for the entrepreneurship ecosystem, hardly a day goes by without a breaking news story about a regional startup funding round. And even more frequently, new unicorns in Latam. At Contxto, we’re always trying to showcase what’s going well in Latin America. With the same purpose, […]

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A regional car retail beast is born! Mexico’s Kavak and Argentina’s Checkars merge

1 year ago

Contxto – Today (26), we witnessed the birth of Latin America’s largest used car retailer. In an announcement forwarded early to Contxto, we can now confirm that Kavak and Checkars are to fuse. Checkars, now to become Mexican Kavak’s Argentine subsidiary, will receive a US$10 million investment to expand the operation, hire 300 new employees, […]

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AoCubo raises US$250,000 with VivaReal’s Simon Baker and Brian Requarth

1 year ago

[wd_hustle id=”InArticleOptin” type=”embedded”/] Contxto – Brazilian proptech AoCubo closed an investment for R$1.2 million (nearly US$250,000) with Simon Baker and Brian Requarth. This pair had co-founded Viva Real, a major property sales platform which in turn had joined ZAP Group. And it was acquired by OLX Brazil last week. Anywho, AoCubo will use the funding […]

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OLX Brazil buys proptech Grupo ZAP to become real estate platform giant

1 year ago

[wd_hustle id=”InArticleOptin” type=”embedded”/] Contxto – “If you can’t beat ‘em, buy ‘em.” And that’s just what marketplace OLX Group did in Brazil this week. It’s bought out its competitor, Brazilian proptech Grupo ZAP at the pretty price tag of R$2.9 billion (US$642 million). The only matter that’s pending is approval from the Brazilian government’s antitrust […]

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SoftBank leads US$140 million round in VTEX to fulfill global expansion goal

1 year ago

Contxto – “All your customer experiences. A unified commerce platform”. This is the claim headlining VTEX’s product description page. The bravado recently got some pretty solid backing, since the carioca company recently received a US$140 million investment. The round was led that Japanese conglomerate so beloved by us—SoftBank. Not shabby for a company that has […]

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Frontier Car Group lands US$400 million from OLX Group

1 year ago

Contxto – Some may say that online car marketplaces are experiencing a renaissance in Latin America.  With SoftBank investing in startups such as Volanty and Kavak, the latest company to make a big splash is the Frontier Car Group (FCG). Based in Berlin but with Chilean origins, recently the OLX Group announced plans to increase […]

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Qualcomm Ventures leads US$10 million round for idwall to scale regtech platform

1 year ago

Contxto – Placing emphasis on emerging AI technology, Qualcomm Ventures recently led a major investment round for the Brazilian regtech idwall as part of its Latin American investment fund. As the first recipient, idwall will receive R$40 million (over US$10 million) to grow its AI platform that reduces the likelihood of fraud and identity theft. […]

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Checkars lands US$1.3 million led by Jaguar Ventures

2 years ago

Contxto – Folks, the mobility and marketplace spree isn’t slowing down any time soon. Following SoftBank’s US$70 million investment in Volanty, another smaller yet very ambitious player is surging in Argentina. Without any further ado, Checkars from Buenos Aires recently raised US$1.3 million in seed capital led by Jaguar Ventures.  Angel investors also joined the […]

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Argentine funds come together to discover new unicorn

2 years ago

Contxto – What happens when directors from eight major Argentine funds gather in the same room? In-depth discussions about co-investing in the country’s next unicorn, of course. A few weeks ago, Wayra (the corporate VC arm of Telefónica) organized a Co-Investment Day with seven other partners. Together, they are seeking to invest up to US$4 […]

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Argentine Auth0 raises US$103 million, joins the unicorn club

2 years ago

Contxto – Last Monday, the Argentine authentication startup, Auth0, announced its latest Series E round totaling a whopping US$103 million. Sapphire Ventures led the round while collaborating with other investors including, K9 Ventures, Telstra Ventures, among others. With this, Auth0 can now sit at the unicorn table. In Summary Founded in 2013, Auth0 has raised […]

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