OLX India CEO Amit Kumar Resigns

CarTrade-owned online classifieds platform OLX India’s Amit Kumar has resigned from his role as managing director and chief executive officer after seven years for “better opportunities”.

“… we wish to inform that Amit Kumar, managing director and CEO of subsidiary company has tendered his resignation from the directorship and his position, effective January 31, 2025,” the company said in a statement.

This resignation marks the end of Kumar’s seven-year long stint at OLX. In 2017, he joined OLX Group as the vice president and later got promoted to the position of CEO for OLX’s Auto business in India. In 2022, he was elevated to the position of CEO for OLX India Group.

Before joining OLX, Kumar worked with notable companies like Snapdeal, Jabong.com, Times Internet among others.

It is pertinent to note that, last year, OLX’s parent company was acquired by CarTrade in an INR 535.54 Cr deal. Under this acquisition, the listed startup acquired 100% stake in Sobek Auto India Private Limited, consisting of the OLX classifieds platform and OLX Autos C2B transaction business.

(The story will be updated soon)

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