According to an article by Peter M. Zollman for The AIM Group, New York-based private investment company, Tiger Global Management, that owns major stakes in several classified ad companies in developing markets, has now become a significant stakeholder in Zillow and Trulia as well.
Tiger reported on its Securities and Exchange Commission “13F” form that as the end of Q1, it owned 1.7 million shares of Trulia (NYSE: TRLA) and 1.6 million shares of Zillow (Nasdaq: Z).
Tiger is a multi-billion dollar investor in a wide range of companies, including Coca Cola Enterprises; Avis Budget Group; Hertz Global Holdings; MasterCard and many more. Its classified investments include:
— At least $30 million invested in Navent, which operates job sites and real estate sites in eight South American countries. Its biggest brand names include Bumeran.com and Imovelweb.com.
— An investment in One Africa Media, which focuses on classified and travel sites in Africa. One Africa sites include Jobberman.com and BrighterMonday.com (recruitment); Checki.com (autos); PrivateProperty in South Africa and Nigeria (real estate) and StayNow.com, a travel booking network that was formerly SafariNow.com. Just this week, One Africa bought a minority stake in BuyRentKenya.com, that country’s leading real estate site.
— Almost 1.3 million ADSs of 58.com (NYSE: WUBA), which went public last Oct. 31.
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