Rocket Internet’s real estate portal Lamudi launched in Saudi Arabia, Algeria, Tunisia and Morocco
Rocket Internet Berlin based mega internet giant which launches and grows web brands in Europe and emerging markets has launched Lamudi a real estate portal in Saudi Arabia, Tunisia, Algeria and Morocco.
Lamudi helps people in the property market find their home, land or commercial property. The service does not cut real estate agents but works with them.
Rocket Internet launched in the Saudi market Namshi and Hellofood and employ over 300 people.
Rocket Internet raised on July $500 million from two of its most regular previous investors, Kinnevik and Access, to continue funding more new ventures, as well as invest in the many it has already created.
The company has 75 startups in operation worldwide – fashion sites like Lamoda, Zalora and Zalando; payment ventures like Payleven and Paymill; food delivery services like Food Panda – employing some 20,000 people, with a projected collective turnover of $3 billion between them.