New funding may fuel M&A for OLX

When we spoke with OLX Inc. founder and co-CEO Fabrice Grinda recently for this episode of The Deal's Behind the Money online video show, he said that he didn't need to raise venture capital this year -- after all, OLX raised a $13.5 million in Series B from General Catalyst Partners, Bessemer Venture Partners, Founders Fund and DN Capital last April -- but it sure might come in handy for acquisitions. Last week, the New York-based startup which bills itself as the Craigslist for the rest of the world, announced it had raised $5 million in funding from Nexus Capital India, bringing the total venture capital raised to $28.5 million. Grinda has been on both sides of M&A. In 2004, he sold wireless media company Zingy Inc. to a publicly traded Japanese company called ForSide Ltd. for $80 million in cash. We chatted with Grinda about how the economy is affecting tech M&A, valuations, VC fund raising and investor expectations.Watch the video interview below or download it at iTunes.

Deal Video | May 11, 2009

Tags:. .bessemer. .craigslist. .catalyst. .nexus. .valuations