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Lamudi Scores $31.4 Million in Latest Round of Funding

Lamudi, which is owned by Rocket Internet and is real estate listings portal has secured a recent round of funding. The real estate portal got investment worth $31.4 million to strengthen business in Asian and Latin American markets.

Lamudi was introduced in 2013 as an online real estate portal with real estate trading feature. It currently operates in Pakistan as well as Philippines, Indonesia, Bangladesh, Myanmar, Sri Lanka, Mexico, Colombia and Peru. The company has expanded in very short span of time and its current move to expand even more is a strategic one. The company decided to strengthen its position in 9 markets it currently operates.

If we talk about revenues, Lamudi’s earnings raised by incredible 460 percent in last fiscal year and 20016 looks even more promising for the company. The company’s core management believes that if it stick to the growth plan this year, the company will be making profits in 2016.

Lamudi also revealed that their portals have average 4 million visits with almost 1 million active listings being closed. According to given data, Mexico and Philippines are proving to be the most valuable markets for the company.

Marketing Evangelist, Dreamer, Idea Artist, Aspiring Entrepreneur, and Educationist at Heart these are some of attributes that best define myself. I love to read about technology, entrepreneurship, and autobiographies. Owing to the content creation specialty posses the natural flare for creative and academic writing. Right now head of a wonderful team at Phonebook Online.

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Lamudi Scores $31.4 Million in Latest Round of Funding

Lamudi, which is owned by Rocket Internet and is real estate listings portal has secured a recent round of funding. The real estate portal got investment worth $31.4 million to strengthen business in ...