Real estate platform based in Southeast Asia, 99.co, has recently announced the appointment of two executive hires of the position of Managing Director and Head of Products.
Rahesh Grover, who previously co-founded Lamudi and managed the company’s profitable market of Sri Lanka and Bangladeshi, has been appointed Managing Director of Indonesia-based 99.co.
Vivek Kumar, who takes the role of Head of Product in 99.co, used to lead one of the two product teams at MagicBricks, and was a Product Leader from Amazon and Snapdeal.
In 99.co’s official statement, the company noted that the new hires will help shape the trajectory of 99.co within the real estate classifieds market.
According to Darius Cheung, 99.co CEO and Co-Founder, both new additions have extensive experience within proptech and will form a part of 99.co’s move towards a young, entrepreneurial team, purpose-built plans.
“The traditional classifieds portal model is a sunset business. Innovation within classifieds is not just about improving features step-incrementally but developing a new and futuristic model,” added Cheung.
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