Business

Pakistani online real estate portal raises $20 million in investment

LAHORE: Pakistan’s online property portal Zameen.com has closed its Series C funding round with a $20 million investment from one of its current investors, a fund which focuses on frontier and emerging markets with over US $ 1 billion in assets under management.

The funding comes at the heels of a recent $9 million investment, which was announced in September 2015, bringing the total funds raised by the portal in the last 6 months to $29 million, said a statement issued here.

The online portal’s CEO Zeeshan Ali Khan said the portal’s continued success was proof of the fact that homegrown service providers would always triumph because of an innate understanding of the consumers’ needs.

“Investors can easily identify the confidence that comes with knowing what you’re doing. We’re Pakistanis who’ve built a product for Pakistanis, so the people have responded to it tremendously well,” said Khan.

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