Chennai-based Juvo Online Services,which builds and operates online property portals in emerging markets says its focused on launching ventures in emerging markets in South Asia and Africa in a move to help consumers in these markets leverage the power of the Internet and mobile to gain access to property.
Claiming to have decades of experience in the Indian Internet space, Juvo Online services recently launched HouseJuvo in in Sri Lanka to help users buy or rent property with ease. In Africa, the firm says the site will offer a wide selection of properties for sale and rent and is expected to help reduce the hassle of finding a property to meet users’ needs.
“People in emerging markets spend a greater proportion of their income on housing. Therefore, HouseJuvo was born out of a desire to offer an online property search experience on par with the developed world,” the firm says. “You have the option of contacting owners or agents listed on our portal. Our promise is to provide you with transparent information and accurate listings. We will enable you to search for properties from a device of your choice, whether it is a laptop, smartphone or tablet.”
Founded this year by T Shrikanth, 49, Athikumar Jaganathan, 33 and T S Aditya Raghav, 32, theHousejuvo.com willnot be the first online platform in Africa. Rocket Internet’s Lamudi is spreading across the contient and just launched its mobile apps while Naspers Property24 is also active in several markets across the continent. One Africa Media’s Private Property in Nigeria and South Africa and BuyRent Kenya are not so easy to beat. However, the African market is huge for co-players. The firm has eyes on South Asia, Africa and beyond and is currently present in Sri Lanka and plan to enter Bangladesh, Nepal and Pakistan within the next 12 months.