Dubizzle Group’s market dominance expands with flagship ventures Dubizzle, Bayut, Zameen, and OLX.
Dubai, UAE – Dubizzle Group, a leading online classifieds platform, continues to solidify its position as a market leader in the UAE, Egypt, Pakistan, and beyond. The group’s flagship ventures, including Dubizzle and Bayut in the UAE and Egypt, as well as Zameen and OLX in Pakistan, have emerged as the top players in their respective geographies.
In a major milestone for the company, Dubizzle Group acquired OLX Group’s Greater MENA businesses in 2020. This strategic move propelled the group’s valuation to an impressive $1 billion, granting it the coveted status of a unicorn company. The acquisition further strengthened Dubizzle Group’s reach and influence in the region.
Building on this success, the group recently raised $200 million in a Series E funding round led by US-based Affinity Partners. This substantial investment will fuel the group’s expansion plans and support its pursuit of growth opportunities in the GCC and MENA region.
Imran Ali Khan, Co-Founder and CEO of Dubizzle Group, expressed his excitement about the company’s future prospects. “Having established a powerful and attractive platform in South-East Asia, we believe that this strategic divestment will allow us to focus our efforts on the vast potential of the GCC and MENA region,” he said. Khan emphasized the company’s commitment to leveraging these opportunities for sustained and profitable growth.
Meanwhile, Lamudi, another prominent player in the online classifieds space, has made significant strides since its founding in 2013. Initially targeting frontier markets, Lamudi quickly rose to prominence and became the number one platform in countries such as Indonesia and the Philippines. With a focus on property classifieds, Lamudi has carved a niche for itself in these emerging markets.
As Dubizzle Group continues to dominate key sectors within the classifieds industry, its strategic acquisitions, funding, and unwavering focus on growth position it as a formidable force in the online marketplace. With visionary leadership and a commitment to harnessing opportunities, Dubizzle Group is poised for continued success in the GCC and MENA region.
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