Emerging Markets Property Group (EMPG), aka Bayut.com’s parent company, just closed its latest and largest round of funding – $100 million!
The funding round was led by investment fund KCK Group, followed by eight other investors including Exor Seeds, affiliated with Exor, one of Europe’s largest diversified holding companies.
Besides Bayut.com, EPMG owns Zameen.com in Pakistan, Property.com in Bangladesh and Mubawab.ma in Morocco.
Imran Ali Khan, Group’s CEO stated that the funds raised by EPMG will be used for acquisition and investment opportunities and technology development. “EMPG has grown from strength to strength by adding value to real estate markets through our unique business models and bespoke technology platforms, and with the conclusion of this round we will be looking to expand our geographical footprint,” he said.
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