Idinaidi, the Russian based property portal, has appointed Gilles Blanchard as Chairman and has also invested into the business.
Gilles is the founder of Seloger in France and a serial investor in property portals. He is the Chairman of Zameen in Pakistan and also its sister site, Bayut, in the UAE.
Gilles is also a member of the Board of Kerawa.com (Wariba classified) - a leading classified portal in Cameroun and Cote d'Ivoire.
Stephen Inscoe, the CEO of Idinaidi, commented "Having arguably built the largest and most authoritative listings database in the [Russian] market, Idinaidi is now turning its focus to rapidly growing traffic and revenues. Despite some short term headwinds, Russia remains one of the largest and most active real estate markets, with government initiatives targeted at increasing mortgage take-up. Gilles Blanchard’s investment concludes a bridge round ahead of a €3M Series A planned for September/October."