Tag: Investors

Quikr to buy majority of CommonFloor?

Moving further on its plans to become stronger in the major classified verticals, Quikr in India may buy a majority stake in realty portal CommonFloor. The report comes a few months after the primary investors in Housing.com, another Indian real estate site, negotiated with Quikr to acquire that troubled company.

Zameen.com holding company raises $9 million

Zamzama Property Group,  parent company of real estate sites Zameen.com in Pakistan and Bayut.com in the UAE, has wrapped up $9 million U.S. in new capital from three global investment funds to fuel growth into new markets. This follows an announcement earlier this month that the group is working with two prominent real estate advertising executives: Simon Baker, chairman of Mitula Group, and an

Real estate crowdfunding sites gain traction in France

France is joining a property crowdfunding trend as it sees the emergence of a number of sites, including Immocratie.com. According to an interview conducted by Immomatin with Immocratie.com president Mowgli Frère this week, the platform offers investors a return of 15 percent and above. “Immocratie is a part of the democratization of property investment, because our entrance fee is €3,000. Our a

Asia Pacific incubator will start a venture each Q

The Asia Pacific Internet Group, a startup incubator for Asia Pacific’s burgeoning e-commerce market, aims to start one new venture every quarter. The group’s network consists of 14 e-commerce and online marketplace companies, operating across 15 countries This impressive list of companies include classifieds such as Carmudi, Lamudi, Everjobs, and ads.com.mm, a lea

Tiger Global coins €20m from sale of Distilled Media

The Sunday Times has reported that Tiger Global, the US hedge fund that backed Distilled Media, owner of daft.ie and adverts.ie, has more than doubled its money on exiting the Irish online company.

Matrimony.com files initial IPO plan

Matrimony.com Pvt Ltd, which owns a clutch of dating/matrimony-related online portals, such as BharatMatrimony.com, EliteMatrimony.com, CommunityMatrimony.com, AssistedMatrimony.com, MatrimonyDirectory.com and Tambulya.com, has filed

Hearst Shkulev Media restructures ownership

One of Russia's largest publishing companies Hearst Shkulev Media (HSM) reshaped its ownership structure to comply with an upcoming law limiting foreign ownership of companies in the mass media sector (we reported here). Businessman Viktor Shkulev will now legally own 80 percent of the holding comp

Russia’s 20-% foreign ownership law to take effect Jan. 2016

Foreign ownership in the Russian mass media sector will be limited to only 20 percent starting from January 1, 2016. The legislation follows a state ruling in mid-2014, and is expected to have a major impact on the classifieds market. The Russian government, led by President Vladimir Putin, is increasingly viewing mass media as a strategic resource. Following the Ukraine crisis, and economic sanc

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