Emerging?Markets Property Group (EMPG), the parent company?of?vastly successful property portals inside MENA and South Asia regions, has announced which it has finished economic crisis close of $50 million as an element of?a?substantially larger?investment?round.
In with regard to Bayut.com from the UAE, EMPG owns and operates?Zameen.com?in?Pakistan,?Bproperty.com?in Bangladesh, and recently announced its buying of?Mubawab?in Morocco.?The Pakistan, Bangladesh and Morocco portals?are clear leaders inside their respective markets, and?Bayut.com, one of many top portals in the UAE that has a lead in certain geographies, is well on its way to achieving clear leadership by December 2019.
Haider Ali Khan, the CEO of?Bayut.com, said $25 million of these funds might be deployed within the Emirates that has a consentrate on further consolidation. “The?remaining?funds will?be?accustomed to?further?strengthen?EMPG’s leading?position in?its other?markets,” he added.
Together, these portals generate over 2 million leads with regards to clients every last month.
“EMPG’s growth continues to be comprehensive across all metrics, to the back of most of the world’s most advanced digital housing platforms produced by?our?R&D teams,” said Group CEO Imran Ali Khan.
“With a compounded annual revenue rate of growth of over?100% throughout the last five-years,?more than?15,000 housing?agencies,?and eight million-plus monthly visits across our portals, EMPG is ideally positioned for regional dominance,”?he added.
EMPG?has raised you use $60 million rolling around in its four previous rounds, plus the current round is its largest yet, discussing the grand total to $110 million.?The target audience has a presence in?40?cities?across?the UAE,?Pakistan, Bangladesh,?Morocco, Spain and Romania?with over 1,500 employees.