Online pre-owned good seller Olx, which is backed by over USD 20-billion Naspers group, will start focussing on monetising its India business after clocking a 10-fold growth, a top company official has said.
Also, the online classifieds platform aims to double its monthly active users to 10 crore from the current 5 crore.
Olx India country head Sushil Kumar said, "The focus from investor and our board is of growing India business by at least 10 times and then think about monetisation. If we can deliver value to our investor then money will come as a byproduct. Putting cap on monetisation will limit our long-term ambition."
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