OLX Acquires Properati to get into Real Estate Classifieds

OLX, the leading classifieds site in Latin America and one of Argentina’s unicorns, acquired Properati, one of the leading real estate classifieds websites in Latin America, in 13 Latin American countries, including Argentina according to Info Technology, in Spanish, while Brazil, Chile and Mexico will continue as an independent business.

Gabriel Gruber, Properati CEO and cofounder, said that this was an opportunity to reach more users. “This investment allows us to take Properati to the next level and reach more OLX users, which helps the entire sector.”

The details of the transaction were undisclosed.

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