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Real estate listing platform Lamudi gets USD7 million funding

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April 14
2:29 PM 2014

Lamudi, a real estate listing platform, has bagged a USD7 million funding round, reported TechCrunch. Rocket Internet’s platform has been focused towards speeding its Asia operations. Currently, Lamudi has been operating in 21 markets including Middle East, South America, Asia and Africa.

Lamudi has been operating in five markets in Asia including Philippines, Pakistan, Bangladesh, Indonesia and Myanmar. According to the TechCrunch report, the funding would be used in these five Asian markets. The new funding came from numerous investors including Tengelmann Ventures. A report from TechCrunch said that the other new investors were not revealed. The report went on saying that the USD7 million funding was also unspecified whether it is a stage financing or a seed round. A Rocket Internet spokesperson did not respond to the question.

Last October, the CEO of Lamudi’s Asian arm pledged that the platform would beef up in a speedy manner. As of this month, Lamudi has already listed more than 200,000 real estate properties, reported TechCrunch.

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