6 years ago

EMPG Raises $100 Million for Expansion and Acquisitions

  • Emerging Markets Property Group (EMPG), the parent company of Bayut.com, has raised $100 million in Series D funding led by KCK Group and eight other investors, including Exor Seeds

  • The funding will be used for acquisitions and technological development

  • EMPG also owns Zameen.com in Pakistan, Bproperty.com in Bangladesh and Mubawab.ma in Morocco

  • The company has previously raised $160 million in funding

  • Other real estate technology startups in the region have also been successful in raising investment, such as Property Finder, which raised $120 million from General Atlantic, and Dubizzle, which was acquired by Naspers for $190 million.

      • ProblemReal Estate

      "Navigating real estate markets in emerging economies can be inefficient and opaque, lacking transparency and reliable information."

      Solution

      "Develops and operates leading real estate classifieds platforms in emerging markets, providing a trusted and transparent marketplace for property buyers, sellers, and renters."

      Covered on