Dubizzle Group
ActiveHiringFormerly EMPG
Online classifieds and property marketplace
Dubai-based unicorn operating Bayut, dubizzle, Zameen.com, and OLX across 50+ cities in MENA and South Asia.
Founders
Funding Rounds
Lead: Affinity Partners
Investors: KCK, Acacia Partners, Prosus
Lead: OLX Group
Investors: OLX Group (Prosus)
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).
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)).
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)).
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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