Olive Sen Appointed as CBO of OLX India
Company - People | May 22, 2025 | Aim Group
OLX India, a subsidiary of the India-based auto marketplace CarTrade Tech, has appointed Olive Sen as its Chief Business Officer for its non-automotive sectors. Previously part of the OLX India team until 2021, Sen returns to foster growth in the marketplace's verticals such as real estate, jobs, and electronics. The appointment comes after the departure of the long-serving CEO, Amit Kumar. CarTrade Tech sees Sen's leadership as pivotal in driving user engagement and expanding OLX India's market reach. With over 17 years of work experience and an academic background from prestigious institutions, Sen is poised to leverage the untapped opportunities in OLX India's non-auto segments. The profitability of OLX India has significantly increased, with a 72% growth in profits amounting to INR 525 million ($6.1 million USD) and a cash reserve of INR 9.5 billion for the fiscal year ending in March 2025.
Sectors
- E-commerce and Marketplaces
- Technology
- Automotive
- Real Estate and Employment Services
Geography
- India – OLX India is a subsidiary of CarTrade Tech and operates predominantly within the Indian market.
Industry
- E-commerce and Marketplaces – This industry involves online platforms facilitating buying and selling transactions. OLX India operates in this sector by providing a marketplace for various goods.
- Technology – Technology plays a critical role given the focus on product development, analytics, and scaling digital platforms that are central to OLX India's business model.
- Automotive – CarTrade Tech, the parent company, is primarily an auto marketplace, indicating relevance to the auto industry.
- Real Estate and Employment Services – OLX India's expansion into real estate and employment verticals highlights its involvement in these sectors.
Financials
- INR 525 million – Profit for OLX India for FY24-25, marking a 72% increase year-over-year.
- INR 9.5 billion – Cash balance of OLX India as of the end of the fiscal year 2024-2025.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Olive Sen | Chief Business Officer | People | Newly appointed CBO for OLX India's non-autos verticals, bringing significant experience in product and analytics. |
| OLX India | Target Company | Company | A subsidiary of CarTrade Tech and operates a classifieds platform focusing on various goods and services in India. |
| CarTrade Tech | Parent Company | Company | Parent company of OLX India, involved primarily in the automotive marketplace sector. |
| Amit Kumar | Former CEO | People | Long-time CEO of OLX India, recently departed from the company. |
| Vinay Sanghi | Founder and Chairman | People | Founder and chairman of CarTrade Tech, expressing confidence in Sen's appointment. |