Bayut.com secures $20 million investment round

Funding comes from one of the company’s investors – a fund which focuses on frontier and emerging markets

Dubai: UAE-based Bayut.com has recently closed a $20 million investment as part of its Series C venture round.

The funding comes from one of Bayut’s current investors, a fund which focuses on frontier and emerging markets with over US$ 1 billion in assets under management.

The investment has gone into the parent company, Emerging Markets Property Group (EMPG), formerly Zamzama Property Group.

The company’s CEO, Haider Ali Khan, said the new investment would be a major asset for the portal as it seeks to establish a firm presence across the Middle East.

We have the top minds of the [industry] on board, some of the world’s most advanced proprietary scalable technology, and ample resources, all of which will contribute to the achievement of our goals.