Wazzup Pilipinas!
Congratulations to the fast-growing leading property portal Lamudi as they celebrate their first birthday this week. The leading property website focusing on the emerging markets has more than doubled in size in six months since its launch last 2013. The company grew by 116 percent between April and September this year. The number of listings on the website now totals more than 670,000 properties to buy or rent, spread across 28 countries around the world.
Lamudi has maintained a leading position within key regions, particularly Asia even as competition over the online property space within the emerging markets has intensified. More than half the property listings from across the Lamudi network come from its Asian websites, namely Pakistan, Bangladesh, Indonesia, the Philippines, Myanmar and Sri Lanka.
In April, Lamudi received US$7 million in investment to grow its operations in Asia. The company is now the leading property portal in Bangladesh and the Philippines.
Lamudi was founded on October 13, 2013, by German startup incubator Rocket Internet. The property platform was launched in 16 countries one year ago and has since grown to cover 28 countries across Asia, Africa, the Middle East and Latin America.