Thursday, 29 October 2020 | 15:35 WIB

New Strategic Investors, Lamudi Has Received Investments from Ringier AG, Axel Springer

Illustration: Lamudi mobile app

JAKARTA, NNC - Lamudi, one of the leading real estate platforms in Southeast Asia, announced recently that it has received two media and digital marketplace companies namely Ringier AG and Axel Springer from Switzerland and Germany as new strategic investors.

Lamudi Indonesia's Managing Director Mart Polman said with this investment Lamudi will continue to innovate to provide the best experience for property seekers, as is the case in Indonesia, which bridges property searches from online to offline, helping property seekers find their dream home.

"We are pleased to include investors who are very experienced in the field of media, digital technology and enthusiastic together to create a breakthrough in new innovations in the property industry in Indonesia. Investment from global players to Lamudi Indonesia is good news for startup development in Indonesia," said Mart, Friday (11/16/2018).

Mart added currently Lamudi has become a trusted platform for consumers and industry players to find and market real estate. This new round of funding will help it accelerate this, and significantly expand the company's efforts to help Indonesians find their dream homes.

Meanwhile, according to Robin Lingg, Head of Marketplaces, Ringier AG said Lamudi is in accordance with their vision, and their interest in local business models.

"We are very impressed with the company's operational sophistication, the ability of global and local management teams, and the desire to create value. We believe that Lamudi will drive significant changes in the real estate industry in Southeast Asia and Mexico," Robin said.

Andreas Wiele, President of Classifieds Media, Axel Springer SE, said Lamudi had a very fast development and is in a very attractive market. As one of the largest operators in the digital real estate space, it is confident that it will be able to help develop Lamudi further with the knowledge and expertise it has.

Previously, Lamudi had also received investments from well-known investors such as the Asia Pacific Internet Group (APACIG), the Rocket Internet and Ooredoo joint venture, Holtzbrinck Ventures, and Tengelmann Ventures.

Launched in late 2013 by Rocket Internet, Lamudi is a leading global real estate platform that focuses exclusively on emerging markets. The Lamudi platform is growing rapidly and spread in several countries in Asia (Philippines, Indonesia, Bangladesh and Sri Lanka) and Latin America (Mexico, Colombia, Peru).