Lamudi receives investment from Ringier AG, Axel Springer
Emerging markets real estate platform will spend the funds on growth.
Property portal Lamudi raises US$19mil to grow in Asia, Latin America
Lamudi said it has raised €16 million (US$19 million) in investment to grow its operations in Asia and Latin America, after merging its businesses in the two regions to form one company, Lamudi Global.
Rocket Internet property portal Lamudi gets US$7mil for Asian ops
Rocket Internet said its real estate startup Lamudi has received almost US$7 million in new funding from a range of investors including Tengelmann Ventures, the investment company of retail giant Tengelmann Group.