Prosus classifieds unit invests $400 mln in Frontier Car Group

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<br>BERLIN, Nov 11 (Reuters) – The classifieds business of Prosus is becoming the main shareholder in Berlin-based second-hand car trading platform Frontier Car Group (FCG), http://www.hushhostelistanbul.com through a deal that will knit together their operations across emerging markets.<br> <br>Prosus unit OLX Group will invest up to $400 million in FCG, a startup co-founded in 2016 by 26-year-old American Sujay Tyle with an approach similar to that of another Berlin startup, AUTO1, that has been backed by Japan’s Softbank Group.<br> <br>(Reporting by Douglas Busvine; editing by Thomas Seythal)<br>

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