EBay Inc. reported strong revenue growth for its classifieds subsidiary in Q3 of FY2017 from Q3 of FY2016 – strong enough to pull revenue growth of classifieds into double figures in the first nine months of FY2017 from the first nine months in FY2016.
ICar Asia Limited, the owner of leading auto sites in Southeast Asia, released its Appendix 4C for Q3 of FY2017 - and revenue growth accelerated yet again.
Student-temping site Qtshe.com (青团社) secured series B funding worth 60 million RMB ($9.1 million U.S.). The round was led by Anche Capital (持资本领投), and was joined by classifieds platform Baixing.com (百姓网) and Liang Weiping 梁伟平, founder of property listings platform Anjuke, which was acquired by 58.com in 2015.
Dutch travel services site Withlocals raised $4.2 million U.S. in a Series A round from Inkef Capital and several other investors. Eindhoven-based Withlocals helps travelers find locals offering their services as tour guides or hosts. In essence, it's a c-to-c jobs site.
Andela got fresh capital, which it'll use to fund an aggressive expansion program: The company aims to launch offices in two additional African countries in the next year, and to double its talent pool from 500 to 1,000 software developers.
Home61, a tech-driven real estate start-up in Miami, raised $4 million U.S.. The company’s founder and CEO is Olivier Grinda, whose brother Fabrice founded classified horizontal OLX. (Fabrice Grinda is also an angel investor in Home61.) The new financing will help Home61, which currently operates only in Florida, go national.
Chinese classifieds giant 58.com’s (58同城, NYSE: WUBA) growth has been fuelled by some prophetic strategic investments. In addition to high-profile acquisitions like Anjuke, ChinaHR.com and Ganji, the Beijing based company has secured minority stakes in Vanke Property Management (which we reported on here), Tubatu.com (土巴兔), Wowqu.cc (窝趣), and consumer finance provider Changying Wuba.
The Airbnb equivalent Tujia (途家网), continues to look like the best of these plays, with the company announcing that it has secured $300 million U.S. in investment, valuing it at a very strong $1.5 billion U.S.
Belgium’s Het Mediahuis, the owner of a number of classified sites in Belgium and the Netherlands, invested €1.5 million ($1.8 million U.S.) for a minority stake in Jellow, a Dutch job site for freelancers.
In Finland, Sanoma's Oikotie, a horizontal platform for apartments, vehicles and jobs, acquired LKI-Asiantuntijapalvelut Oy, manufacturer of software for real estate agents and construction companies, for an undisclosed amount.
In less than two years, GoZefo, an online platform for used furniture and electronics goods, has raised $15.2 million U.S. from a slew of high-profile investors, such as Helion Venture Partners, and Sequoia Capital. The total of $15.2 million U.S. includes $9.2 million raised in a B round from Sequoia Capital and Helion Venture Partners last week.