Kenya’s largest property website BuyRentKenya.com has secured an undisclosed investment from African classifieds giant One Africa Media (OAM).
OAM operates Internet classifieds businesses in cars, jobs, including Cheki and Brighter Monday in Kenya, travel, and property.
BuyRentKenya.com, the number one property portal and a leading real estate advertising platform in the country, will utilize the majority of OAM’s investment to consolidate its position as the most visited real estate website in Kenya and extend its market reach to more consumers with further product development.
Jamie Pujara, the CEO and Co-Founder of BuyRentKenya.com, says that the investment represents a “strategic opportunity to benefit from OAM’s experience and know-how in the online classifieds business. Their track record in Africa is second to none and we are excited to see them joining us. We have had tremendous start in just two years and we feel that with their support we can now take BuyRentKenya.com to the next level and achieve our ultimate goal faster, which is to bring transparency in Kenya’s Real Estate Market by connecting Buyers, Sellers, Landlords and Tenants in a simple and effective way.”
Justin Clarke, Co-Founder of OAM and Founder of South Africa and Nigeria’s leading property websites PrivateProperty, commented ‘BuyRentKenya.com is by far the strongest real estate marketplace in Kenya and we’re excited about the prospects of working with a great team, and extending the reach of all our brands to Kenyan consumers. It is seldom that you come across portal founders that are really passionate about property, and completely committed to adding value to the real estate sector in Kenya and who have a long term vision.”
Kenya is where many of our biggest businesses were founded, and we’re committed to growing the Africa reach of Kenya’s growing strength as a base in the continent.”
Established in 2012, BuyRentKenya.com has rapidly become the no.1 property portal in Kenya.
Nominated at the 2013 CIO100 Annual Awards after only 6 months of launching, BuyRentKenya.com is one of the fastest growing companies in the region and the property portal of choice.
With a focus on connecting the largest real estate community of buyers, sellers, brokers’, developers, landlords and tenants in a simple and effective way, BuyRentKenya.com provides visitors with comprehensive search facilities covering residential and commercial properties alongside complementary tools and information built on our unique market leading technology.
Every month, over 130,000 visitors use Buyrentkenya.com to access more than 15,000 up-to-date listings for residential and commercial properties, as well as local real estate news, market trends, home styling, expert advice and useful guides on buying and selling.
ABOUT ONE AFRICA MEDIA
One Africa Media (OAM), operates Africa’s largest portfolio of online marketplaces focused on Jobs, Cars, Property and Travel.
Serving markets with over 400 million Africans, One Africa Media operates in the world’s fastest growing economies and internet markets where connecting buyers, sellers, employers and jobseekers adds significant value to people’s lives.
Their strengths come from taking the best of capabilities and capital from developed internet markets, and applying them with very strong local knowledge and experience to create meaningful and useful products and services.
They invest in strong local capability and capacity building, building three hubs in South Africa, Kenya and Nigeria with over 500 employees in eight countries.
One Africa Media is one of Africa’s largest digital publishers, allowing global brands to reach targeted audiences nationally, regionally, continentally and by each vertical in which they operate:-
Travel: www.safarinow.com (inventory across South and East Africa)
Cars: www.cheki.co.ke and www.cheki.com.ng (Kenya, Nigeria)