Lamudi clarifies

Lamudi, an online real estate marketplace, has reacted to media reports including one in bdnews24.com that it was planning to invest $1.6 million in Bangladesh.

deskbdnews24.com
Published : 20 April 2014, 05:29 AM
Updated : 20 April 2014, 05:36 AM

Lamudi Bangladesh Managing Director David Zwagemaker said in a statement on Sunday that this amount is 'not confirmed'.

"Total investment for Lamudi Asia is 7 million US dollars. But how this money will be distributed over the countries in Asia is not yet decided," Zwagemaker said.

The real estate firm also said: " Although we give our very best to maintain a very high quality standard on Lamudi, we currently can not guarantee that 100% of our listings are RAJUK-approved."

Lamudi.com.bd is a venture of internet incubator Rocket Internet which was established in 2007. It is headquartered in Berlin. It has 170 ventures in 40 countries.