Emerging Markets Property Group (EMPG), the parent company of Zameen.com, has announced that it has closed a round of investment amounting to $100 million.
EMPG’s round was led by KCK Group while eight other investors, including Exor Seeds, participated in the round.
KCK Group is an investment fund which focuses on diverse sectors including life sciences, energy, and industrial technologies. Exor Seeds is affiliated with Exor, the holding company controlled by the Agnelli family. Exor is one of Europe’s leading diversified holding companies with a net asset value of over $24 billion, and a portfolio including distinguished names such as Ferrari, Fiat Chrysler Automobiles, Juventus FC and The Economist.
In addition to Zameen.com in Pakistan, EMPG owns and operates Bayut.com in UAE, Bproperty.com in Bangladesh, and Morocco’s Mubawab. To date, EMPG has raised a total of $160 million. The group is present in 40 cities across the UAE, Pakistan, Bangladesh, Morocco, Spain, and Romania, with over 2,000 employees.
While talking at this occasion, Zeeshan Ali Khan, CEO of Zameen.com and Co-founder of EMPG, said:
“Zameen.com has grown from a nascent start-up to the leading property tech player in Pakistan. Along the way, we have created unmatched systems, products and technology solutions to propel the country’s real estate market, gaining global recognition. We remain committed to developing this image of Pakistan as a beacon of opportunity.”
Group CEO Imran Ali Khan said the funds raised by EMPG would be used for acquisition and investment opportunities, technology development, and to further strengthen all portals’ position as top players in their respective markets.
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