Lars Herlin | August 16, 2019 | Financials / Deals
Despite falling revenues across its other segments, North Media saw improved revenues from its classified operations during H1. The Danish company is listed on the OMX First North in Copenhagen. The group’s main businesses — distribution and newspapers...
Prabhu | August 16, 2019 | Financials / Deals
Info Edge India Limited — the parent company of leading Indian verticals Naukri and 99Acres — registered a healthy 20.5% growth in revenues for the first quarter of FY 2019-20. The company reported revenue of $44 million U.S. (₹312.8 crores INR) for the...
Prabhu | August 16, 2019 | Real Estate, Financials / Deals
Delhi-based real estate vertical ClicBrics has raised $3 million in a Pre-Series A funding round led by Manny Singh of Kavi Asset Management, Peter Mann of Gluskin Sheff, and an anonymous senior executive of a Canadian pension fund, LiveMint reports. Having already...
Nicole Iman | August 16, 2019 | Automotive, Financials / Deals
Malaysia-based auto marketplace Carsome is reportedly raising $40 million in a Series C funding round due to close at the end of the year. According to various sources, the start-up has a current value of at least $110 million. Carsome’s fundraising efforts come...
Nicole Iman | August 16, 2019 | Real Estate
IProperty.com.my, which is part of the rebranded REA Group Asia, has announced it’s looking for someone to fill the role of head of customer marketing in Malaysia. The search comes amid recent news that the group’s profit slumped to 58% in FY19. Modest revenue...
Nicole Iman | August 16, 2019 | Real Estate, Marketplaces
Shwe Property, the first and leading property vertical in Myanmar, has secured $3 million in Series B funding from a star-studded line-up of private and institutional investors. The company is now backed by some of the most successful online classified and property...
Alexi Touma | August 16, 2019 | Recruitment, Financials / Deals
Bayt.com, the leading recruitment vertical in the Middle East and North Africa, has teamed up with U.K.-based Simply Jobs Boards, which operates a group of niche verticals. Together, the companies plan to enhance the recruitment process for the aviation, law and motor...
Greg Spencer | August 16, 2019 | Automotive
Cox Automotive Inc. subsidiary Kelly Blue Book will launch new vehicle-valuation services in Canada in both French and English: the country’s two official languages. The rollout includes: MarketLens, which allows used-car sellers to input vehicle identification...
Greg Spencer | August 16, 2019 | Recruitment, Financials / Deals
Healthcare recruitment start-up Nomad Health has raised $34 million U.S. in equity and debt financing to accelerate its quickly growing business. Icon Ventures, a Palo Alto-based venture capital firm, led the round with participation from prior investors Polaris...
Rebeka Shaid | August 16, 2019 | Financials / Deals
The grandchildren of Axel Springer — founder of Axel Springer SE — have tendered some of their shares to U.S. equity fund KKR as part of the investor’s bid to buy out minority shareholders. The heirs — Ariane Melanie Springer and Axel Sven Springer...
Ben Salisbury | August 16, 2019 | Automotive
Leading British automotive vertical AutoTrader.co.uk has introduced changes to its search algorithm functionality to give higher priority to the search criteria consumers select. The adjustment follows testing that showed the change would create 10% more leads than...
Tariq Ahmed Saeedi | August 16, 2019 | Marketplaces
Yahoo Japan Group (Yahoo.co.jp) — a joint venture between Yahoo in the U.S. and Japanese telecom operator SoftBank — is hoping to retain its leadership in classifieds with the launch of a new flea market app this fall. The move sounds like a...
Tariq Ahmed Saeedi | August 16, 2019 | Recruitment, Financials / Deals
Tokyo-based recruitment information firm Career Index Inc. has invested an undisclosed amount in temp app Wakrak.jp through underwriting a third-party allotment of shares. Career Index hopes to create business synergies and growth in the informal job sector by...
Nicole Iman | August 15, 2019 | Real Estate, Financials / Deals
Singapore-based online rental platform Flat Monthly has received $320,000 U.S. in seed funding from Hong Kong’s Terra Capital. The company has set its sights on establishing a larger footprint across Southeast Asia. The site envisions a more mobile and flexible...
Angela Hawksford | August 15, 2019 | Real Estate, Financials / Deals
Profits at Domain, the No. 2 property site in Australia, tumbled 29% in the 2019 fiscal year, as property sales dropped to their lowest levels in more than 20 years. The company reported net profits of $37.4 million AUD ($25.3 million U.S.). CEO Jason Pellegrino said...
Greg Spencer | August 15, 2019 | Real Estate, Financials / Deals
Following the example set by competitors Redfin and OpenDoor, Keller Williams Realty is expanding its budding home-flipping business by tying up with established home flipper OfferPad. Keller Williams, the top-selling real estate franchise in the U.S., has entered...
Tariq Ahmed Saeedi | August 15, 2019 | Recruitment
Adecco.co.jp, a Tokyo-based subsidiary of Adecco Group, has launched consulting services to help small- and medium-sized enterprises tackle labor shortages with modern tools. Adecco has been focusing on large businesses in Japan and this is the first time it’s...
Tariq Ahmed Saeedi | August 15, 2019 | Real Estate
Japanese Internet firm Living Technologies Inc. has launched a property bulletin at Fudosan-Guide.org to disseminate marketing know-how and tips to attract customers. The bulletin teaches real estate companies how to use advertisements effectively and how to broaden...
Tariq Ahmed Saeedi | August 15, 2019 | Recruitment
No. 1 Japanese applicant tracking system vendor HR Solutions has obtained information security management certification from the International Organization for Standardization (ISO) in recognition of the company’s IT best practices. ISO / IEC 20000-1: 2018 was awarded...
Tom Marling | August 15, 2019 | Marketplaces, Financials / Deals
Alibaba is in talks with NetEase to acquire its cross-border e-commerce arm Kaola. It may merge the unit with its Tmall International platform, according to Technode.com. Alibaba could pay as much as $2 billion U.S. to complete the takeover, Sina Finance reported. The...
