It looks like Lamudi is giving you good news after good news as two big companies placed their confidence with the real estate platform. Investors Axel Springer SE and Ringier will take seats at the company’s advisory board. The amount of investments will not be disclosed but Lamudi CEO and Co-Founder Kian Moini says “The majority of funding will and can be spent on growth. More so that Lamudi maintains to be in a comfortable financial situation. We are in a clear path to breakeven.”
Lamudi was founded in 2013 via startup giant Rocket Internet. They have also remained to be one of the fastest growing real estate platforms in Asia as they have connections to properties in the Philippines, Indonesia, Bangladesh, and Sri Lanka. Not to mention markets in Latin America which includes Mexico, Colombia, and Peru.
Lamudi right now includes investors coming from the Asia Pacific Internet Group (APACIG), a joint venture of Rocket Internet and Ooredoo, Holtzbrinck Ventures and Tengelmann Ventures.
Kian Moini adds "The new funding round will help us accelerate significantly and expand our efforts to add value to our portfolio. Beyond that, we want to delve into things we could learn from the marketplace and transactional property businesses which are part of Axel Springer and Ringier folios.”
For those who don’t know, Ringier AG is Switzerland's leading international media enterprise. It is a forced to be reckoned with as in emerging markets across CEE, Africa, and SEA. Robin Lingg the Head of Marketplaces at Ringier says “Our company stands for investing in sustainable value creation. Lamudi matches our vision. We have been deeply impressed by the company’s operations and the global and local management team’s capabilities. Kian and his team will drive significant change in the real estate industry in SEA and Latin countries.”
Andreas Wiele the President for Classifieds Media Axel Springer SE adds “Lamudi is a fast-growing business in very attractive markets. We are convinced that we can help to further this development with our know-how and expertise at Axel Springer SE.”
With the companies working together, they will be definitely working towards supremacy in these markets, in the hopes to become bigger, better entities in the next few years.
Congratulations Lamudi! It looks like a bright future ahead of you!
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