Emerging Markets Property Group (EPMG) boss, Imran Ali Khan, stated that the investment will be used to acquire more companies and other investment opportunities.
Bayut.com parent company Emerging Markets Property Group (EMPG) has closed a $100 million investment in its latest – and largest – round of funding, the company has announced.
The round was led by investment fund KCK Group, in addition to eight other investors including Exor Seeds, which is affiliated with Exor, one of Europe’s largest diversified holding companies with a net asset value of more than $24 billion and a portfolio including Ferrari, Juventus FC and The Economist.
In addition to Bayut.com, EPMG owns and operates Zameen.com in Pakistan, Bproperty.com in Bangladesh and Mubawab.ma in Morocco.
“Bayut has enjoyed tremendous success over the last few years and this fundraising is a testament to our growth as an organization and a brand in the UAE,” said Bayut.com CEO Haider Ali Khan.
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