Prosus Classifieds Unit Invests 400 Mln In Frontier Car Group

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), through a deal that will knit together their operations across emerging markets.

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, jokergaming AUTO1, that has been backed by Japan's Softbank Group.

(Reporting by Douglas Busvine; editing by Thomas Seythal)