Cartrade Tech Limited has informed the Exchange regarding a press release dated July 07, 2025, titled "OLX India launches Elite Buyer for its 180 Million Users".
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Cartrade Tech's subsidiary OLX India has launched a new 'Elite Buyer' program aimed at making used-goods buying faster and more trusted. OLX India handles over 180 million users annually, with 53 million buyers, 18 million sellers, and around $3 billion worth of used products transacted each year. The program gives subscribers an 'Elite Buyer' badge to help them get faster responses from sellers, with a focus on quick-commerce-style transactions across categories like cars, bikes, real estate, electronics, mobiles, and furniture. The company's Founder & Chairman Vinay Sanghi described it as the first of many innovations built using generative AI and data science. The platform currently attracts 35 million unique visitors monthly and lists over 30 million items annually across 12 categories.
This is a product feature upgrade rather than a financial event, so near-term impact on revenue or earnings is unclear. For shareholders, it signals ongoing innovation at OLX India to deepen engagement and improve transaction velocity, which could support monetisation over time but does not change near-term fundamentals.