07/05/2019
OLX launches Xsellerate – a Startup Acceleration Program
OLX Pakistan has launched OLX Xsellerate, a digital acceleration program. Xsellerate is an opportunity for founders from all around Pakistan to pitch their startup ideas and get valuable insights from the OLX team.
OLX Pakistan made the announcement at Momentum Tech Conference, as the official marketplace partner of the event. Bilal Bajwa, CEO OLX Pakistan during his keynote shared his insights on the building blocks of a technology business, and how startups can build great businesses by leveraging existing platforms like OLX.
Bilal Bajwa, CEO OLX Pakistan said, “it’s time for us to give back to the community which made OLX a success in Pakistan. What better way than to launch OLX Xsellerate? We’re playing our part in developing the entrepreneurial ecosystem of Pakistan. We are now looking for startups that can leverage the existing OLX platform, and use the wide user base we have to their advantage.”
In the first step of the program, fifteen startups presented their two minutes of pitches at OLX Pakistan’s booth. The selected startups will be given $20,000 worth of advertisement free of cost on the OLX platform along with 3 months mentorship and one-year branding consultancy.
About OLX Pakistan and OLX Group
In Pakistan, OLX is the No.1 marketplace across 14 different categories. OLX generates more than 20 million page views in a day, having 5 million App downloads. Over 50,000 conversations take place daily on OLX with an ad being posted every 2 seconds. A research study by Nielsen indicated 87% awareness and preference level of OLX, in comparison with any other tech company operating in the Classifieds and Shopping category in Pakistan. According to SimilarWeb, OLX is Pakistan’s No.1 web platform (local domain/Engagement/Traffic).
OLX Pakistan is part of OLX Group, a global product and tech company which operates a network of market-leading trading platforms in five continents. With more than 350 million monthly users worldwide, OLX Group makes it fast and easy to buy and sell almost anything online, such as household goods, phones, cars and houses. Through consumer brands including Avito, dubizzle, letgo, OLX, and many others, we estimate that 17 million things are exchanged on our apps and platforms every single month. The company is powered by a team of 5,000 people, operating from 35+ countries across five continents.
OLX Group is part of Naspers, a global internet group and one of the largest technology investors in the world. Around a fifth of the world’s population improve their daily lives using the products and services of companies that Naspers operates and invests in.
For more information, please visit www.olxgroup.com and www.naspers.com.
