Home Startups Lamudi Expands to Six New Markets

Lamudi Expands to Six New Markets

by Sam Wakoba
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Lamudi01Rocket Internet’s online real estate site Lamudi has gone live in six new markets after a recent Zimbabwe launch bringing its global property network to 28 in Asia, Africa and the Middle East.

The site has launched in Sri Lanka, Jordan, the Ivory Coast, Mozambique, Madagascar, Mauritius and is now live in 15 African markets.

Jeremy Hodara, Co-CEO Africa Internet Holding: “The last months have been exciting for Lamudi; we established our services across all parts of Africa. We are happy to be part of this growth story and to be in market leading position in many countries. Real Estate is developing fast in Africa and we help to shape the market and bring transparency to all the customers – locally and globally.”

Launched just six months ago, the company now offers 340,000 property listings worldwide across its platforms. In Asia, Lamudi is already market leader in two countries, Bangladesh and Myanmar. The company recently announced $7 million USD in investment for its Asian operations.

Managing Director Lamudi East Africa, Aneesa.Arshad, said: “These new countries have a strong increase in the number of internet users and a vibrant and fast growing real estate market. Whether it is buying a house, renting an apartment or investing in properties, there is a huge demand for e-commerce, and people want to access the same resources that are available elsewhere. Thus, we deliver the best overall view on real estate for everyone in Africa.”

Founded in 2013, Lamudi is now operating in Algeria, Bangladesh, Cameroon, Colombia, Ethiopia, Ghana, Indonesia, Ivory Coast, Jordan, Kenya, Mauritius, Madagascar, Mexico, Morocco, Mozambique, Myanmar, Nigeria, Pakistan, Peru, Philippines, Rwanda, Saudi Arabia, Sri Lanka, Tanzania, Tunisia, Uganda, Zambia and Zimbabwe.

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