Away from Africa, Rocket has also launched in the Philippines, Peru, and Indonesia, countries the firm says are associated with increasingly flourishing economies and booming real estate industries and have rapidly growing online communities.
According to Jeremy Hodara, Co-CEO African Internet Holding, “Expanding Lamudi in both Zambia and Ethiopia is a fantastic step forward for the company. Currently our services are available in nine countries throughout Africa, and with the new addition of these two it will strengthen further plans for expansion. We have seen huge interest in classifieds within Africa, which only highlights how important a continent it is to fully penetrate.”
Founded in 2013, Lamudi is currently available in Algeria, Bangladesh, Colombia, Ethiopia, Ghana, Indonesia, Kenya, Mexico, Morocco, Myanmar, Nigeria, Pakistan, Peru, Philippines, Rwanda, Saudi Arabia, Tanzania, Tunisia, Uganda and in Zambia. The platform offers a paid for agents/ brokers real estate marketplace for homes, land and commercial properties online.
Lamudi is backed by Rocket Internet, MTN and Millicom.