EMPG Combines Lamudi.co.id with OLX Indonesia for Property Listings

June 2, 2022
Share this Post: 

The global online marketplace operator EMPG has announced that it has combined the listings services of its two Indonesian businesses Lamudi.co.id and OLX Indonesia.

The move comes four months on from EMPG's acquisition of the generalist classifieds operator OLX Indonesia from Prosus. The group's real estate listings in Indonesia will now be syndicated between both OLX Indonesia and the vertical site Lamudi.co.id which EMPG bought out in 2020.

Speaking of the new platform combination, Mart Polman, CEO of Lamudi.co.id said:

“As the largest proptech in Indonesia, we want to be the centre of the development of the national digital property ecosystem, especially in facilitating the property sector in adopting technology. We see that this effort will be a catalyst for the long-term growth of the national property sector, which is connected to 174 other economic sectors and 350 small industries".

In the Indonesian market, EMPG primarily competes with 99 Group and PropertyGuru. The market is becoming increasingly attractive thanks to the rapid rate of internet penetration in the country and various other demographic factors.

June 2, 2022
Edmund got to know the world of portals and marketplaces working at Mitula Group (which became Lifull Connect after the buyout in 2018). He worked directly with hundreds of portals across the world in his role in the content department for three and a half years before transferring to the SEO department to understand the inner workings of listings sites. He joined Online Marketplaces as Head of Content in March 2020.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Nestaway Acquired by Aurum for $11M — a 95% Valuation Cut Since 2020

Nestaway Technologies has been snapped up by Aurum Proptech (formerly Majesco Ltd) for $11M, a 95% 'discount' for a company...

Read More
Shutterstock 570747508
Q4 Revenue up 24% at Indian Portal 99acres But Profit Still Distant

The Indian online marketplace operator and parent of the 99acres portal, Info Edge has released its results for Q4 of...

Read More
Beike Logo Chinese House
KE Holdings Benefits From Rebounding Chinese Market in Q1 as Revenue Increases 61%

The Chinese brokerage and real estate marketplace operator KE Holdings has released a report for its activities for Q1 of...

Read More
Shutterstock 214077241 1
Turkish Leader EmlakJet Starts Portfolio and Commission Sharing System for Agents

The Turkish real estate portal EmlakJet has introduced a portfolio-sharing system for its real estate agent customers. In the Turkish...

Read More

Editor's Pick