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All posts tagged "Medianama"

  • Naspers shutters Indian online classifieds in OLX consolidation move

    Naspers has dumped its Indian classifieds platform TradusAds in favour of the internationally renowned OLX, the world’s largest free classified site with over 130 million unique visitors per month. The move appears to be part of an effort on the part of the emerging markets internet and media giant to consolidate its online classified properties. In the latter part of 2012, it scuppered its South African Kalahari classifieds property. According to Indian...

  • Indian eCommerce giant Flipkart buys out competitor Lets Buy

    Indian ecommerce powerhouse Flipkart has bought out rival Lets Buy. That’s according to Indian tech site Medianama. The site reports that Flipkart could have paid anywhere between US$20-million and US$30-million for its rival. Medianama reports, however, that the terms of the deal are not yet known and that it had not been confirmed by Flipkart co-founder Binny Bansal. LetsBuy investors, meanwhile, were reluctant to comment on any possible buyout. Vin Network co-founder...