The Philippines arm of Nasper’s online buying and selling platform OLX, has merged with a leading local ad online ad classified site, Sulit as announced on the company’s blog post. The OLX.com.ph is now being redirected to Sulit.com.ph, bringing together the two leading buy and sell sites in the Philippines.
As per the blog, OLX ranked three in Philippines while Sulit hold the number one position even before the merger with OLX. In merging the existing OLX.com.ph site into Sulit.com.ph, Sulit also joins the OLX Network. Nasper reportedly buyed the first stake in Sulit in 2009, subsequently raising its holding to 51%.
Sulit.com.ph, which caters primarily to Philippine market, is an online marketplace wherein people can buy and sell products and services under various categories. This includes real estate, automotives, careers, business products and services, and many more among Filipino individuals and business groups all over the world.
As per Sulit co-founders RJ David and Arianne David, the merger will make things simpler, faster and easier for Filipinos to sell their second-hand and used items. “With more than a hundred thousand Filipinos already selling their stuff on Sulit every month, and millions of buyers finding great deals on things to buy, we continue to improve every day to make Sulit the fastest and easiest way to sell your stuff,” said Arianne.
Founded by Fabrice Grinda and Alec Oxenford, OLX currently provides services in India, Spain, Portugal, Mexico, and South America. It has a Facebook application and mobile product, and it also runs classifieds for other companies like Friendster and Fotolog. Also, in 2009, it entered into a partnership with social networking site Hi5.
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