Venture round: Zameen.com raises $9m

Published: September 30, 2015
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LAHORE: 

Zameen.com, a property portal, announced that it has raised $9 million from three renowned international funds in its latest venture round.In a statement issued on Tuesday, the property website said the investment had gone into its parent company, Zamzama Property Group, which also owns the UAE’s property portal Bayut.com. The investment comes following a recent announcement that Zameen.com, founded in 2006, has brought top names from the global property portal industry into its team. These included Simon Baker, the former CEO of REA Group and current Chairman of Mitula Group, and Roland Tripard, the CEO of SeLoger.com. Zameen.com Chief Executive Officer Zeeshan Ali Khan said the portal would remain a quintessentially Pakistani company despite the sizeable foreign investment. “This is a company run by Pakistanis for Pakistanis and it will always be,” he added.

Published in The Express Tribune, September 30th, 2015.

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