Lamudi Receives Strategic Investment from Ringier and Axel Springer

lamudiLamudi, an emerging markets real estate platform, received a strategic investment from Ringier AG and Axel Springer.

The amount of the deal was not disclosed.

Following it, Ringier and Axel Springer will share a seat in the advisory board.

The majority of the funding will be spent on growth.

Launched in late 2013 with Rocket Internet and led by Kian Moini, CEO, Lamudi is a global real estate platform focusing exclusively on emerging markets.
The platform has active property portals available in Asia (Philippines, Indonesia, Bangladesh and Sri Lanka) and Latin America (Mexico, Colombia, Peru). The company also launched a tech-enabled brokerage business in Indonesia under a separate brand early this year and has already surpassed 100 transactions per month in its 9th month of operations.
Other investors in Lamudi includes Asia Pacific Internet Group (APACIG), a joint venture of Rocket Internet and Ooredoo, Holtzbrinck Ventures, and Tengelmann Ventures.



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