Australian-based Digital Classifieds Group (DCG) has cemented its place as Asia’s second-largest property portal operator by acquiring Lamudi’s online property platforms in Indonesia and the Philippines from the dubizzle Group.
This acquisition trails DCG’s earlier takeover of Bproperty, Bangladesh’s top portal, in January 2023. DCG now oversees premier real estate websites in five booming Asian markets, bolstering its global staff to over 900.
Founded in 2013, Lamudi transitioned from advertising to transaction-based models, propelling its growth. Kian Moini, Lamudi’s CEO, expressed enthusiasm about the merge, praising both firms’ shared vision.
DCG CEO, Mathew Care, voiced his excitement, highlighting DCG’s strategic vision for Southeast Asia. With this move, DCG, having expanded rapidly in the past year, is poised for significant growth in the foreseeable future in a region anticipated to witness robust expansion.
BusinessNewsAsia