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OLX India drives growth in pre-owned goods market: CEO Amit Kumar

Indian online auto classifieds platform CarTrade Tech acquired OLX India operations last year, leading to a significant increase in its user base. With over 70 million active users, CarTrade Tech's acquisition of OLX contributed more than 35 million unique users. OLX is expanding its focus across various categories, including real estate, jobs, cars, consumer durables, and smartphones. The pre-owned goods market in India is expected to grow rapidly, driven by factors such as increasing internet penetration and consumer awareness around the circular economy. Online marketplaces are also incorporating advanced payment and logistics solutions to enhance user experiences.

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