Category: emerging markets

Prosus classifieds group OLX shuts down Berlin’s Frontier Car Group to focus OLX Autos on LatAm and Asia

Cazoo is picking up significant capital today by teaming up with a SPAC in the U.S. at a $7 billion valuation, but it’s the end of the line for another big European name in used-car sales. TechCrunch has learned and confirmed that Berlin-based Frontier Car Group, which builds used-car marketplaces…

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South Africa’s FlexClub adds $5M to seed round to scale its car subscription marketplace

The traditional process of buying, insuring and financing cars across emerging markets can be challenging, and it defeats the purpose of building an all-around car shopping experience. Today, FlexClub, a South African company, has been provided with $5 million to improve drivers’ experience in these markets. FlexClub was founded in…

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Instagram Lite shuts down in advance of a relaunch

Instagram Lite, the two-year old version of the Instagram app aimed at emerging markets, has quietly disappeared. The previously highly-ranked app vanished from the Google Play charts on April 13 in the countries where it was active, including Kenya, Mexico, Peru and the Philippines. Existing Instagram Lite users have been…

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