Belt Road Capital Management, a private equity firm in Cambodia recently invested $1.8 million into the Australian based classifieds group under Realestate.com.kh, Digital Classifieds Group. DCG will use this capital funding to expand its operations into Cambodia and more.
Alex Odom, BRCM’s Chief Investment Officer, said in a press release that the investment will play a role in building up the local real estate sector and helping it attain international standards.
“Having seen the swift growth of Realestate.com.kh, and a high level of professionalism across DCG’s local and international operations, I was more than confident to introduce the opportunity to the equity partners of BRCM,” Mr. Odom said.
“I believe this company has a strong future in both the Cambodian market and internationally, and I’m excited that BRCM will now be a part of this journey.”
Tom O’Sullivan, CEO of Realestate.com.kh, said the new funding will fuel growth in DCG’s existing markets, including its expansion into additional business verticals within Cambodia.
He also said that the funding is highly strategic given BRCM’s focus on countries that are key to China’s One Belt One Road scheme.
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