The parent company of Zameen.com Emerging Markets Property Group (EMPG) and other highly successful property portals in the South Asian and the Middle East and North Africa region have made the announcement that they will make an initial $50 million investment deal as part of a larger round.
EMPG presently own the leading market portals including Bayut.com, Bproperty.com in UAE and Bangladesh. Also, the company recently acquired leading Morocco’s portal Mubawab. Every month these market industries generate more than 2 million leads.
Zeeshan Ali Khan the Zameen.com’s CEO said, “Zameen has exhibited tremendous growth across the board and has a vast footprint across Pakistan. It continues to be the number one choice for Pakistanis around the world when it comes to searching for property, and we’re excited to take it to even greater heights.”
Group CEO Imran Ali Khan said, “EMPG’s growth has been comprehensive across all metrics, on the back of some of the world’s most advanced digital real estate platforms developed by our R&D teams.”
Adding, “With a compounded annual revenue growth rate of over 100 percent over the last five years, more than 15,000 real estate agencies, and 8 million-plus monthly visits across our portals, EMPG is ideally positioned for regional dominance.”
EMPG has generated almost $60 million in its four previous rounds. The present round is the biggest having a total of $110 million. EMPG is present in almost 40 cities all over the world including Pakistan, the UAE, Bangladesh, Morocco, Spain, and Romania. The company has over 1,500 employees all over the globe.