OLX joins hand with German FGC
OLX joins hand with German FGC to capture the offline pre-owned car sale market
Indian brand OLX has been the pioneer of pre-owned products sale in Indian online marketplace. It allowed the sellers of pre-owned products to post their advertisements on the OLX platform and this gave them a huge reach over the internet so that the interested customers could contact them and the deal could happen.
FGC (Frontier Car Group) is present in Nigeria, Mexico, Chile, Pakistan, and Indonesia and with its joint venture with OLX, it marks its entry in India. OLX’s investment arm, OLX Ventures have invested in the German enterprise. This was a completely online business model until recently. OLX collaborated with the Berlin-based FGC to launch their offline centers.
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