Pakistan property listings portal raises $9M in series B financing

Pakistan property listings portal

ZamZama property Group, the parent company of real estate-sites Bayut and Zameen, announced today that it has secured US $9 Million in a series of B-Funding round. As many investor come to this round but they are starting with three investor who are participated in the round. Only publicly disclosed that one investor is Vostok New Ventures (VNV is an investment Company with the business concept and also experience of Business). And they late to showing detail about other two investors. Per Brilioth, managing dierector of VNV (Vostok New Ventures), will also taking a seat on the board.

Co-founder of Zameen, Imran Ali Khan told to ‘Tech in Asia’ that “We had a lot of offers from the investor (for the round) but had to pick cream investor from among (that participated)”. “The money we got will be used to expand our process and also continue investing in our key markets”.

Zameen, Startup’s flagship venture, is a Real-estate and property listing portal focused only first on Pakistan Market. This is found in 2006, portal first raised funding in 2002 when French angel investor Gilles Blanchard Participated in a seed round and become chairman of the company. In 2014, ar starting time announced an undisclosed amount in A series funding from Kuala Lumpur Headquartered Frontier Digital Venture.

Bayut, was found in 2007, the smaller venture in the among group, and a similar property listing site but only focused on the United Arab Emirates Market.

According to an emailed statement, Zameen attracts 2 Million visitors on monthly bases and expand their company employee number from 90 people (2014)to over 300 employed today.

Zeeshan Ali Khan and Imran Ali Khan the Co-founder have retained controlling interest in company.

Zeeshan Said “We have been at the helm of a digital revolution in the country that has seen millions of Pakistanis come online for the first time. This is a company run by Pakistanis for Pakistanis, and will always be”.