Lamudi Acquires Indonesian Property Portal Propertykita

Rocket Internet backed property portal Lamudi has confirmed its acquisition of Indonesian property portal Propertykita. Kian Moini, co-founder and managing director of Lamudi Global, commenting on the acquisition, said that the company aims to improve the overall customer experience for online property-seekers in the country.

Lamudi at present has its operations in over 30 countries across Asia, Africa, Middle East and Latin America. And Lamudi Indonesia, currently has more than 210,000 properties and plots of land to buy or rent in over 240 cities. Post the acquisition Propertykita’s traffic will be redirected to Lamudi Indonesia, as reported by Tech in Asia.

As the company claims there are currently more than 900,000 residential and commercial property listings, across the global network.

In February 2015, Lamudi had raised $18 million in funding led by Asia Pacific Internet Group and others to grow its operations across Asia and Latin America.