VEON Ltd. has announced the acquisition of OLX Kazakhstan for $75 million, enhancing Beeline Kazakhstan's digital service offerings in the growing online classifieds market.

Target Information

OLX Kazakhstan (OLX KZ) is a leading online classifieds platform in Kazakhstan, connecting millions of users in various sectors including goods and services, jobs, automobiles, and real estate. With approximately 10 million monthly active users and 3.6 million listings as of June 30, 2025, OLX KZ has established itself as a crucial player in the Kazakh digital landscape, attracting over 52% of the nation's active internet users each month.

The marketplace has successfully created a trusted and scalable environment for buyers and sellers in Kazakhstan, contributing significantly to the digital economy. Its user-friendly platform is renowned for facilitating effortless transactions across diverse categories, reinforcing its status as a staple resource for Kazakhs daily.

Industry Overview in Kazakhstan

Kazakhstan's digital market is growing rapidly, driven by increased internet penetration and a burgeoning smartphone user base. As of 2025, the nation is witnessing a digital transformation, with e-commerce and online servic