OLX invests R1.4 billion in We Buy Cars

[Newsfeed]

OLX invests R1.4 billion in We Buy Cars

Naspers has announced that OLX Group has invested R1.4 billion in We Buy Cars.

“We Buy Cars operates a used car marketplace in South Africa offering a specialised car buying service to sellers and was founded 17 years ago by Faan and Dirk van der Walt,” said Naspers.

 

[Batista]

17 years ago?have they only been advertising aggressively in the last 2 years?

 

[lotus123]

Should use some of that money to fix the OLX website. Does anyone still use OLX since they turned the website into the current mess?

 

[f2wohf]

Should use some of that money to fix the OLX website. Does anyone still use OLX since they turned the website into the current mess?

Wasn’t even aware they were still a thing.

 

[falcon786]

Should use some of that money to fix the OLX website. Does anyone still use OLX since they turned the website into the current mess?

OLX website is simply pathetic.

I'm a legitimate seller of used and new high end cellphones but they have so often rejected my ads that I eventually gave up using the site,instead scammers seem to rule there,how their ads don't get removed and mine got removed constantly is a mystery.

Gumtree is much much better in both regards,gumtree works as a classifieds site should.

Also OLX stupid character limits mean you can't fully describe an item properly in the title.

 

[Tman*]

Should use some of that money to fix the OLX website. Does anyone still use OLX since they turned the website into the current mess?

I came here to post this. Their website is so buggy, I dont use it anymore

 

[ArtyLoop]

17 years ago?have they only been advertising aggressively in the last 2 years?

the domain webuycars.co.za was registered in October 2001.
Seems they were very slow to to the marketing phase and only really "woke up" to it in recent years. Here's what their site looked like in 2002, probably done by a family member:
http://web.archive.org/web/20020524154512/http://www.webuycars.co.za:80/

 

[craiglotter]

the domain webuycars.co.za was registered in October 2001.
Seems they were very slow to to the marketing phase and only really "woke up" to it in recent years. Here's what their site looked like in 2002, probably done by a family member:
http://web.archive.org/web/20020524154512/http://www.webuycars.co.za:80/

Thanks for that. I genuinely didn't realise that they were such an established company.

 

[Fuzzbox]

I think the guys went overseas and came back to SA and restarted WEBUYCARS again.

 

[Jet-Fighter7700]

did they buy ownership of we buy cars?

 

[d0b33]

Here's what their site looked like in 2002, probably done by a family member:

Not really. That was pretty much standard for any small business back then. They could have easily have paid thousands for a crappy site.

 

[Dirk101]

Naspers used OLX as the vehicle for the transaction. OLX is much bigger in other countries than what it is in South Africa.
http://fortune.com/2014/10/29/olx-emerging-markets/