Sahibinden appoints new GM for sales

Posted by on Oct 6, 2015 in Recruitment | Comments Off

Turkey’s appointed Demet Tekin Sarı (LinkedIn) as new vice general manager for corporate sales.

According to a media statement issued by the corporate communication department of, Demet Tekin Sarı graduated from the urban planning department of the faculty of architecture at the Middle East Technical University in Turkey. She completed an MBA at the same university and began her career at Nokia Networks as a process and quality expert.


Afterwards she worked in Turkcell as corporate customers experience unit manager and as channel sales manager in Tellcom, a subsidiary of Turkcell.

Later she worked at Pronet Security as sales director, before joining

Bringing a person with more than ten years experience of channel sales management in, shows that wants to place more emphasis on corporate sales than individual sales in the immediate future.

MercadoLibre growing in Mexico; still looking to acquisitions

Posted by on Oct 6, 2015 in Uncategorized | Comments Off

mercadoLibre-nuevo-logoLatin America’s ecommerce and technology player MercadoLibre (Nasdaq:Meli) is still open to new acquisitions, as it sees Mexico as one of its main markets, just behind Brazil and Argentina, an executive told local media.

According to Sean Summers, vice-president of marketplace at MercadoLibre, the company’s revenues in Mexico grew 30 percent in the first half of the year, thanks the company’s integrated payment and shipment solutions strategy.

As the prospects for the Mexican economy seem to be better than in most other Latin American economies, MercadoLibre said it is still open to new acquisitions. The company recently bought real estate classifieds player MetrosCubicos. “As for the acquisition of [other] companies, Mexico has been the country with the higher activity in the past [few] years. Mexico is a country for investments,” the executive said, despite not disclosing which areas could be targeted for growth.

When announcing its Q2 results, MercadoLibre said its classifieds business is “strengthening across the region, with automobile dealers selling on the platform growing at 19 percent, year-on-year, while real estate realtors grew 14 percent, year-on-year.”



OLX dumps desktop in East Africa, after launching new apps

Posted by on Oct 6, 2015 in Uncategorized | Comments Off

Naspers-owned general classifieds site OLX has begun shutting down its web platforms in East Africa to base its business solely on mobile.

It kicked this mobile-focused strategy off a few weeks ago first in…

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Austria’s Immobilienscout24 introduces new features

Posted by on Oct 6, 2015 in Articles, Austria, Real estate | Comments Off

Leading Austrian real estate site, a subsidiary of Germany’s Immobilien Scout GmbH, introduced several new features for users and realtors.

For one, visitors to the site have enjoyed the benefit of Immobilienscout24’s new removal price comparision service since last month.

In a media release said (here in German) the new removal services site makes moving to a new address hassle-free to users.

The new service compares prices of around 100 removal companies in Austria.

Moving portal Immobilienscout24

Moving firms price comparison site at

Users just have to enter their old and new addresses, move-in/out dates, and add information on the location and square meters of their living space to get a list of quotes from removal companies.

Additionally, Immobilienscout24 introduced an advice site with tips and hints for successful moving.

The removal service has been copied from Germany’s and is also already integrated at the Swiss sister portal, owned by Ringier Digital. But, for Austria this is a novelty, since no other leading national real estate site, such as, or, has started such a moving price comparison tool yet. also redesigned the results list and property exposé page, to provide a better overview for usability purposes. Photos and basic information are now more in the foreground for a faster and more direct approach.

According to this modern design will grow the contact inquiries from users at realtors.

For its realtor clients Austrian Immobilienscout24 also launched additional branding possibilities:

  • Smart Premium Listing – a new display ad on the property search results page (costs €399 per listing for 30 days)
  • Smart Exposé - a tool providing real estate clients exclusive space for a superbanner, sky and a medium rectangle for marketing purposes (available for 6 months for 15 percent of the listing fee plus a one-time set-up fee of €399)
  • Smart Logo – this feature links the listed real estate object and the realtor logo to increase local brand awareness (available for 6 months for 12 percent of the listings fee)., which acquired competitor in May 2014, has around 800,000 monthly unique visitors (source: ComScore Media Matrix) and an offer of around 100,000 listings on its site per month.

The vertical recently got successfully sued by leading Austrian horizontal (Schibsted/Styria) for misleading advertising of a “top position for nationwide property search”. For further background read our client-only article.

New job board brings instant applicants to recruiters

Posted by on Oct 6, 2015 in Articles, Recruitment, Search, Social, United Kingdom | Comments Off

Workango is an innovative new job board with a focus on immediate, short-term jobs in industries with a high staff turnover. It aims to connect employers needing to fill a role immediately with candidates that are ready and willing to work on short notice.

The website and App will appeal to those employers who need to fill a position urgently and do not have time to select and read resumes for urgent or temporary staff.  It aims to appeal to job-seekers looking for local work in roles such as waitressing, bar work, cleaning, administration and manufacturing and who need to fill a few hours a day or week, with extra work.


The site also has a unique social aspect incorporated where both employers and candidates complete a social profile which makes it easier to find candidates who match the employer’s criteria.

Another feature of the site is the algorithm that automatically selects candidates from a database and instantly matches them with jobs posted by employers. The recruiter can immediately click on the phone number and chat to prospective candidates to see if they can fill the job. This allows an employer to find someone best matched for their requirements and saves time waiting for applicants to apply like on traditional job boards.

Workango was founded by Geneva-based entrepreneur Patrick Amadieu and U.K. based Kristian Poliszczuk. Poliszczuk created an App in 2012 called The Car Park Finder that helped people find the closest or cheapest place to park their cars. The Car Park Finder received over 30,000 downloads in two years.

In August 2013, Poliszczuk came up with the idea of a tool to help connect people that urgently need work with people that urgently need staff. The site has been under development since October 2013 and Workango launched in May 2015.


OnTheMarket to list foreign properties

Posted by on Oct 6, 2015 in Articles, Real estate, Strategy, United Kingdom | Comments Off

OnTheMarket has ended industry speculation by confirming to Estate Agent Today that it will be listing overseas properties in the near future.

A spokeswoman told Estate Agent Today: “We will be listing overseas properties in the coming weeks, but there won’t be any details yet on a specific time-frame”. No other details of the international element of the site have been released so far.

Both Zoopla and Rightmove have international arms.

This announcement comes after OnTheMarket released its latest traffic figures showing that September was another record-breaking month. It achieved 5.6 million visits, according to Google Analytics. This was up from 5.4 million in August.

This traffic consisted of more than 2.7 million unique visitors, compared to 2.5 million in August.

Ian Springett, chief executive of, said: “We are delighted to see such a significant increase in our traffic yet again.

“Consumers are increasingly becoming aware of our new and exclusive properties, which are uploaded to 24 hours or more ahead of any other portal. Alongside our strong uptake in traffic, support among estate and letting agents for to succeed continues to increase daily.

“We believe it is only a matter of time before we overtake Zoopla as the No. 2 real estate site in terms of available U.K. property listings, and provide agents and consumers alike with a credible alternative to the current duopoly of Rightmove and Zoopla.”

Content quality drops on major stuffs sites around the world

Posted by on Oct 6, 2015 in Uncategorized | Comments Off

Every quarter Besedo, the Swedish user-generated content moderator, evaluates the content quality of 20 major, general classifieds platforms around the world, and calculates a so-called Content Quality Index.

The exercise is interesting for three main reasons: the index shows how content quality changes from quarter to quarter on each site; it shows how much room each site has for improvement and it shows how the 20 sites stack up against each other.

The results of the Q3 evaluation was published on Sept. 25. For the first time, U.S. stuffs site Craigslist also featured among the twenty. And – as some commentators in the U.S. might have suspected – Craigslist came in near the bottom of the group with lots of room for improving the quality of its content…

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Naspers looking to sell Buscapé – magazine

Posted by on Oct 6, 2015 in Clients Only, Uncategorized | Comments Off

After acquiring a 91-percent stake in Brazil’s price comparison site Buscapé for $342 million U.S. in 2009, Naspers now wants to get rid of the business again. The asset is on the market with a price tag of about $300 million U.S., reported the Brazilian magazine Epoca.

Among the interested parties are MercadoLibre, Rakuten and EBay, the magazine said.


Ex-OLX exec now marketing director at Seek’s Catho

Posted by on Oct 5, 2015 in Brazil, Latin America, Recruitment | Comments Off



Seek’s Catho, a jobs platform operating in Brazil, has appointed João Paulo Gonçalves as the company’s new marketing and B-2-C commercial director. According to the company, Gonçalves held a similar position at generalist classifieds company OLX, which merged with Schibsted’s Bomnegocio in Brazil this year.

“Today, with enthusiasm, [João] assumes the challenge of collaborating with the company’s growth, while helping its clients to succeed professionally,” Catho said on Linkedin.

A competitor to Schibsted’s InfoJobs, which is currently being managed by entrepreneur David González Castro, Catho’s business model differs from that of its contenders: instead of freeing job seekers to use the platform, Catho charges them a monthly fee, depending on the subscription package they buy.

The strategy has often been criticized by competitors, but seems to be paying off for Brasil Online, Seek’s subsidiary in the Portuguese-speaking country. Brasil Online operates Catho and Manager Online, a recruitment solution that is aimed to top-notch executives. Brasil Online’s revenue in FY2015, ended on June 30, 2015, slightly increased to AUD 119.3 million ($84.5 million) from AUD 118.8 ($84.2) million

Scout24 share stands its ground in negative environment

Posted by on Oct 5, 2015 in Uncategorized | Comments Off

The Scout24 Group share ended its third trading day on the Frankfurt Stock Exchange at €29.92, just below its issue price of €30 on Oct. 1. At €30 the company had a market cap of €3.2 billion.

Just more than two years ago Hellman&Friedman and Blackstone paid Deutsche Telekom about €1.5 billion for 70 percent of Scout24 Group, in a deal that valued the company at about €2.2 billion at the time. So, it’s been a lucrative exercise for all parties to the deal – including past and present managers.

Thirty-odd minutes after trade-start on Oct. 1, the Scout24 AG share traded for the first time at €30.75. Then it was dragged down by a negative overall market and has since not traded at, or above, its issue price of €30. But, market observers have been positive in their assessment of the listing and price development till now.

The shareholders pre-listing provided for an over-allotment of shares in case demand warranted it (the so-called greenshoe option). It is still unknown to what extent this option had been exercised, if at all. So, we can’t give a final and exact picture of the shareholding structure yet. Here is what it would have looked like today (A) with no over-allotment, and (B) with the greenshoe option fully exercised.

                                                (A) With no greenshoe    (B) With full exercise of greenshoe

Hellman&Friedman/Blackstone                49.0%                                        45.7%
Deutsche Telekom                                         13.5%                                         12.1%
Past and present managers                           6.3%                                           6.3%
Free float                                                          31.2%                                         35.9%

Even with a full exercise of the greenshoe option, Hellman&Friedman, Blackstone and Deutsche Telekom will still be in control of the company, as per the agreement we referred to here.

Christo Volschenk