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Dubizzle Group

Dubizzle Group

ActiveHiring

Formerly EMPG

Online classifieds and property marketplace

Dubai, UAEFounded 2015
PropTechE-Commerce

Dubai-based unicorn operating Bayut, dubizzle, Zameen.com, and OLX across 50+ cities in MENA and South Asia.

Founders

Imran Ali Khan

Co-founder

Zeeshan Ali Khan

Co-founder

Areeb Pasha

Group Chief Financial Officer

Nicolas Majeau

Chief Strategy Officer

Ovidiu Sabou

Chief Technology Officer

Mohammed Majid

Group Chief Legal Officer and General Counsel

Vlad Danciu

Head of Engineering

Funding Rounds

UndisclosedOct 2022
$200M

Lead: Affinity Partners

Investors: KCK, Acacia Partners, Prosus

Post: $1B
UndisclosedApr 2020
$150M

Lead: OLX Group

Investors: OLX Group (Prosus)

Post: $1B

Labelled "strategic" by the source. $150M round led by OLX Group with existing EMPG shareholders, alongside OLX contributing its Pakistan/Egypt/Lebanon/UAE (dubizzle) operations into EMPG; OLX became largest shareholder with 39%. Press release: 'values EMPG at US$1 billion after the transaction' (post-money). Also: https://www.bayut.com/mybayut/empg-olx-merger/ https://profit.pakistantoday.com.pk/2020/04/28/empg-olx-group-announce-merger-of-mena-and-south-asia-businesses Confidence: confirmed (round 13, OLX Group).

Series D+Feb 2019
$100M

Lead: KCK Group

Investors: KCK Group, Exor Seeds

Labelled "series_d" by the source. Single round in two tranches: EMPG announced a $50M 'first close of a substantially larger round' in August 2018 (Gulf News, MyBayut; Tracxn dates it 2018-08-16), then the full $100M Series D in Feb 2019 with KCK Group leading plus eight other investors incl. Exor Seeds. Wamda: only $50M was fresh money in Feb 2019. Company said total raised to date was $160M after this round. Also: https://www.wamda.com/2019/02/bayut-parent-company-raises-100-million-series-d https://www.menabytes.com/empg-bayut-100-million/ https://www.thenationalnews.com/business/property/property-portal-bayut-s-parent-company-raises-100-million-1.821138 https://gulfnews.com/business/markets/bayutcoms-parent-empg-raises-50-million-1.2267107 https://www.bayut.com/mybayut/50million-funds-raised-expansion-bayut/ Confidence: confirmed (round 13, MyBayut (company blog)).

Series CJan 2016
$20M

Investor described only as an existing investor, a frontier/emerging-markets fund with >$1bn AUM (Vostok New Ventures is the likely match but not stated). Company said $29M raised in six months incl. the Series B. Also: https://tribune.com.pk/story/1031348/property-portal-zameen-com-raises-20-million https://propakistani.pk/2016/01/21/zameen-com-closes-20-million-investment-round/ Confidence: confirmed (round 13, Frontier Digital Ventures (repost of The Express Tribune)).

Series BSep 2015
$9M

Investors: Vostok New Ventures

Announced by Zamzama Property Group (Zameen + Bayut holding, later EMPG). Three international funds participated; only Vostok New Ventures (now VNV Global) was named, its MD Per Brilioth joined the board. Also: https://www.techjuice.pk/zameen-com-pakistans-property-listing-website-raises-9-million-in-venture-round/ https://www.crunchbase.com/funding_round/zameen-com-series-b--f37eca08 Confidence: confirmed (round 13, The Express Tribune).

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