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Mobile App Letgo Raises $100 Million From Naspers To Take Over Classifieds In The U.S.

TechCrunch

Can a mobile classified app topple the behemoth that is Craigslist? A company called letgo aims to find out. Its app, which lets users buy and sell items locally, has quietly grown to over 2 million downloads since its launch earlier this year. And today, the company is announcing having raised $100 million in Series A funding from South African media company and tech investor Naspers Limited, which also has stakes in a number of sizable tech companies, including China’s Tencent, India’s Flipkart, Russia’s Mail.ru, and classifieds platform OLX.

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