Myanmar’s ShweProperty.com has announced that well-known entrepreneur Gilles Blanchard has joined its team as an investor and advisor, but has not disclosed the amount of money invested in the property portal.
This announcement follows recent news that ShweProperty secured another high series A funding deal from institutional investors earlier this year.
Blanchard has proven himself as a highly successful entrepreneur and operator who was co-founder and member of the Board of Directors of Seloger.com – France’s leading Property website which was acquired by Axel Springer for €634m (US$ 846m) in 2011.
Currently he is the chairman of the Pakistan portal Zameen.com and the chairman of Bayut.com – a Dubai based property portal; he is also involved in BProperty.com – a leading real estate e-commerce site in Bangladesh
Commenting on his appointment, Mr Blanchard said; “I am very pleased to be investing and joining the ShweProperty team in Myanmar. They have the strongest Leadership team, a commitment to excellence and the traction they have achieved to be the leading player in the market is extraordinary. We will be doing great things together!”
The CEO of ShweProperty, Justin Sway, said Blanchard’s collective experience was an asset to the portal.
“Gilles has a fantastic track record and deep understanding of the Property Portal business, particularly in emerging markets,” Sway said. “This combined with our strong local management team, experienced shareholder base, and years of business experience – will help us to achieve our vision to lead and shape Myanmar’s Real Estate industry. We are very excited to welcome Gilles to the ShweProperty family and look forward to working closely together in the future”.
