OLX Group injects $89m into auto marketplace Frontier Car Group

OLX Group injects $89m into auto marketplace Frontier Car Group

Photo: Pexels

Global online classified platform OLX Group has announced an investment of $89 million, through its early-stage investment arm OLX Ventures, in the C series funding round of online car marketplace Frontier Car Group (FCG), which has presence in six countries including Indonesia and Pakistan.

FCG operates brands BeliMobilGue in Indonesia and CarFirst in Pakistan in the Asian region.

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