Frontier Car Group
The business, the turning points, and the decisions behind them.
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Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
Frontier Car Group was a Berlin-based startup founded in 2016 that built, launched and operated used-car marketplaces in emerging markets, with operations in Argentina, Chile, Colombia, Ecuador, India, Indonesia, Mexico and Peru. In late 2019 OLX Group, the Prosus-owned classifieds giant, invested about $400 million to take a controlling stake, valuing the company at around $700 million.
02 / FAILURE REASONS
Material for this section is being gathered and checked. It will appear here once ready.
03 / EVENT HISTORY
Events in the structured record
- Company founded
Frontier Car Group is founded in Berlin to build used-car marketplaces in emerging markets.
- OLX takes control
OLX Group invests about $400 million for a controlling stake, valuing Frontier at around $700 million; co-founder Sujay Tyle departs in August 2020.
- Berlin operations shut
On March 29, 2021, OLX shuts down Frontier Car Group's Berlin operations, folding the business into OLX Autos and transferring 100 jobs to India to focus on Latin America and Asia.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
Material for this section is being gathered and checked. It will appear here once ready.