Articles

Auto site Droom.in wins funding round

Indian automotive site Droom.in is small — only 6,500 listings right now — but it has big ambitions, and now lots of money in the bank. The site, which competes with auto vertical sites Carwale, Cartrade, and Cardekho and gen-class sites OLX.in and Quikr.com (among others), just closed a $16 million (U.S.) funding round. The company expects to add 200,000 listings in the next two...

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Rambler to build an “Uber” for real estate

Rambler, Russia’s media major, purchased online real estate agency AgentOn.ru, and announced publicly that it wants to create a large network of real estate agents, based on the principles of the U.S. taxi service app Uber. AgentOn acts as a trading floor that links real estate agents with homeowners looking to rent or sell their properties. The undisclosed purchase of AgentOn was driven...

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Russia’s MyHomeDay gets $3 million injection

MyHomeDay.com, a Russian online service for home rentals and sales, received a financial boost from Kirill Podolsky, the majority shareholder of holiday accommodation bookings site AnyWayAnyDay, and other classified sites. Podolsky, who has been financing MyHomeDay from its inception, has committed to inject another $3 million U.S.. (Go to his Facebook page.) The Moscow-centered real estate...

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Avito to expand its real estate operations in St. Petersburg

Avito.ru, Russia’s leading general classifieds platform, is looking to make inroads in the real estate sector of St. Petersburg, Russia’s second largest city. According to local media outlet Delovoy Peterburg, the company is hiring content moderators and call center operators in the city. Avito tends to develop local offices of operations in regions it sees as vital, with both Moscow...

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Avito’s revenue growth drops to 47% in Q2

Avito.ru, Russia’s largest general classifieds platform, has seen a slowdown in revenue growth, according to the latest trading statement released by shareholder Vostok New Ventures, with non-audited figures for Q2 of FY2015. The classifieds giant recorded revenue growth of 47 percent in Q2 this year from Q2 last year. Most classifieds players would be very proud with such a performance....

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Turkey’s new job aggregator is called Issizibulsun

A bit more than one year ago Indeed.com was still Turkey’s only job aggregator – now it has three. The third launched in May last year, and is called Issizibulsun.com. Its slogan (“iş sizi bulsun!”) means “Find a job for you”. Issizibulsun currently aggregates 78,000 jobs. In comparison, Indeed’s Turkish site claims 22,000 jobs have been added in the last seven...

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