Lamudi is an online property classifieds website targeting many countries in Asia, Latin America and Africa. it had only started its operations in 2013 and now it managed to receive an investment of almost 7 million USD to fund its operations in Asia. This investment came from multiple investors including the German Tengelmann group.
In October 2013 Lamudi joined two other real estate classifieds websites. Thus, expanding its operations to parts of Asia, Africa and Latin America. The website was started by a company called Rocket Internet, and according to Wikipedia, their business model depends on getting start-up ideas that already exist into areas where they haven’t done it yet.
This particular classifieds website is a unique story. According to their blog, earlier this year Lamudi announced that it had 100,000 real estate listings across the countries it’s covering, while this month they announced that they have 200,000 which means that they doubled in size in the last couple of months
Taken from their blog also, Paul Philipp Hermann, Co-Founder at Lamudi, commented: “Lamudi is growing quickly and making good progress in all of our markets. The announcement of this substantial funding for our Asian operations is very welcome and will be crucial in helping us to make better and faster progress towards our goal of becoming the market leader in online property in Asia”
This classifieds website is growing at an accelerating rate, and it is yet another example of how a classifieds website can be an awesome business with a lot of revenue. So why not start your own? check our software demo and pick your preferable theme.
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