The property portal Lamudi has announced that it is to double the number of staff working on its operations in the Philippines. According to CrunchBase and Linkedin, Lamudi has some 230-240 employees across its operations around the world with some 50 or so currently working in the Philippines.
As the global brand launched by Berlin-based Rocket internet back in 2013, Lamudi’s property portal brand is now present in the Philippines, Mexico, Pakistan and Indonesia. Rocket has since sold off its assets with online marketplace operator EMPG buying up Lamudi Global for an undisclosed sum back in May of 2020. EMPG wasted little time in appointing former RE/MAX broker leader Kenneth Stern as Lamudi Philippines’ new CEO a few months later.
Speaking about his company’s expansion, Stern said: “We set new aggressive targets that will continue to raise the bar for what is possible.” and that the hiring drive would focus on “the right people, the right leaders and the right culture”.
Having been recently been valued at over $1 billion, a fact that a Lamudi press release was keen to point out, EMPG is keen to invest in Lamudi’s operations and fund expansion. The news that Lamudi’s Philippines office is to expand its headcount comes hot on the heels of news that its Indonesian operations have just moved to a swanky new office in Jakarta.