Our Portfolio 1-7-22
Zameen
Zameen.com is the leading property portal in Pakistan, a premier frontier market of 200 million people in a rapidly growing economy.
The business was started by brothers Imran and Zeeshan Khan in 2006 and continues to be run by them today. Zameen has extensive reach across the country and leads its competitors in all key operating metrics. The business employs more than 300 people with a heavy focus on product innovation and growing its presence in regional areas. Zameen is now successfully monetising its advertiser base with revenues growing rapidly, underpinned by market leading operating metrics.
Fincaraíz
Fincaraíz is the leading real estate marketplace in terms of users, clients, content and brand in Colombia.
Infocasas
Infocasas is the leading property portal in Uruguay and Paraguay, and a key player in Bolivia. Uruguay is one of the most developed markets in South America, where Infocasas was founded.
Infocasas generates revenues from online and offline services, including the distribution of its “Infocasas magazine”, where it monetises advertisements from property developers and agents. Infocasas also monetises temporary rental opportunities through its rentals business Casas en el Este, a temporary rental site specialising in coastal properties in Uruguay. Infocasas also provides home finance through its online portals in conjunction with the largest private bank in Uruguay. Infocasas was founded by Ricardo Frechou and Alejandro López. Ricardo has more than 15 years of experience in real estate in Uruguay and Argentina. Ricardo is deeply passionate about internet businesses having founded a number of successful companies including siquiero.com.uy and impactus.com.uy. Alejandro has over 20 years of sales experience at leading international companies and is central to the commercialisation of Infocasas across both the magazine and online portal.
Hoppler
Hoppler is an innovative online platform used by vendors, buyers and real estate agents in the Philippines to enable property transactions.
Hoppler has developed a network of professional brokers connected through the use of Hoppler’s proprietary deal management technology, Kumita. When a potential buyer or renter applies through the Hoppler portal, the lead is passed on to one partner broker in order to provide an efficient, streamline process for the user. Hoppler was founded by Ramon Ballesca, an experienced Silicon Valley entrepreneur who was previously a senior manager at Epiq Systems and a senior project manager for CaseCentral. Ramon is the Chief Executive Officer of Hoppler and has been integral in establishing Hoppler as the premier transaction focused property portal in South East Asia.
iMyanmmarHouse
iMyanmmarHouse is the leading property portal in Myanmar. The business was founded in 2013 by Singapore based and educated Burmese Nay Min Thu, who returned to Myanmar in 2013 to focus on the business full time.
iMyanmarhouse.com has grown rapidly over the last 12 months with offices in Yangon and Mandalay and is approaching 30 employees. The business recently staged Myanmar’s first Property Expo with more than 70 new property developers participating and also publishes a monthly property magazine; both strategies to capture advertising spend as it migrates from offline to online. Monetization is underway with revenues growing rapidly in 2016. Frontier’s investment in iMyanmarHouse is through a holding company registered in Singapore.
LankaPropertyWeb
LankaPropertyWeb.com is the leading property portal in Sri Lanka, a country that has emerged from a long period of civil unrest to become a premier frontier market.
The business was founded in 2007 by UK educated Sri Lankan entrepreneur Daham Gunaratna, who has almost singlehandedly created a market-leading brand in Sri Lanka. The website attracts almost 250,000 site visits per month with almost 10,000 property listings in its database. Lankapropertyweb.com has historically benefited from the large Sri Lankan expat community but with the rapid growth in the domestic economy is now focused on monetisation in the later part of 2015.
PropertyPro
PropertyPro.ng (formerly ToLet.com.ng) is the leading property portal in oil-rich Nigeria, now Africa’s largest economy and population, standing at a staggering 175 million property-hungry Nigerians.
The portal was first launched in 2013 by four Nigerians, Fikayo Ogundipe, Dapo Eludire, Sulaiman Balogun and Oluwaseyi Ayeni, coming from diverse backgrounds ranging from start-ups to law. In a market that is seeing rapid urbanisation, PropertyPro.ng (at the time named ToLet.com.ng) successfully pivoted, innovated, and grew rapidly, culminating in the acquisition of Jumia House Nigeria in October 2017 to create Nigeria’s leading property portal. In April 2018, they officially rebranded and launched a new user interface making it easier for consumers to find quality, vetted listings and help real estate agencies and developers generate more leads.
MeQasa
MeQasa.com is a leading property portal in Ghana, founded in 2013 by Meltwater Entrepreneur School of Technology (MEST) students, Kelvin Nyame and Rashad Seini and was awarded seed funding at its inception by MEST.
As an early stage business, MeQasa.com is focused on building its operating metrics with property listings growth a priority with a view to then building its consumer audience and brand. Ghana is a stand out market in the region as the main English speaking country in west Africa, a population of more than 27 million and a GDP (PPP) of over US$100 billion that is growing rapidly.
Encuentra24
Encuentra24.com is the leading general classifieds/marketplace site across four counties in Central America on one common Spanish language platform.
The business was founded in 2005, by Panamanian Wendy Jordan and her Swiss partner Boris Metraux. Headquartered in Panama City Enuentra24.com attracts almost 5 million visits per month, generating 85 million page views with approx. 100,000 advertisements across key categories. In 2015, Encuentra24 both made strong progress in revenues and made significant investments in product development and marketing aimed at further monetizing the property and automotive categories. Encuentra24.com has also released a stand-alone property vertical www.inmobiliaria24.com as part of their monetization strategy in the property segment.
Avito
Avito is the #1 general classifieds player in Morocco with leading position across general, auto and real estate.
Tayara
Tayara is an online marketplace with strong brand recognition across general classifieds, real estate and jobs in Tunisia.
PakWheels
Pakwheels.com is the leading automotive portal in Pakistan, a premier frontier market with total registered vehicles of more than 10 million.
The business was founded in 2006 by local entrepreneurs Hanif Bhatti and Muhammad Raza Saaed, a Computer Science graduate from the Lahore University of Management Sciences. Pakwheels attracted almost 5 million visits to its website in Feb 2016 and is the leading source of classified ads, new cars reviews, price comparisons, forums and general automotive information. Pakwheels also operates highly successful Auto Shows (6 in 2015) attracting more than 300,000 motoring enthusiasts.
Autodeal
AutoDeal is the leading automotive portal in the Philippines, founded with a clear focus on the highly valuable new car market where it has established clear market leadership.
AutoDeal also offers a traditional online marketplace product to the used car market that it is now focused on growing. More recently it has begun successfully rolling out a “v2.0 online marketplace business model” that focuses on expanding transactional revenue streams, including car financing through its current portal. AutoDeal was founded by experienced entrepreneurs Daniel Scott and Chris Franks who have operated successful technology businesses in the Philippines for more than 10 years. Their previous start-up, Pinoy Auto Trader was one of the first auto classifieds portals in the Philippines. They successfully sold the business to Naspers in 2013, a multinational internet and media group. Daniel Scott and Chris Franks subsequently launched AutoDeal in 2014.
CarsDB
Carsdb.com is the leading automotive portal in Myanmar, a market of almost 60 million people with expected GDP growth of 9.0% in 2015.
The business was founded in 2012 by three Singapore based and educated Burmese Wai Yan Lin, Myat Min Han and Wai Phyo Kyaw who returned to Myanmar in 2013 to focus on the business full time. The business has grown rapidly on the back of new car import laws being relaxed and the rapid uptake of mobile access to the internet. With 17,000 vehicles advertised and almost 620,000 monthly site visits, monetisation is the focus for 2016.
Moteur.ma
Moteur.ma is the leading automotive portal in Morocco, one of the most dynamic economies of the MENA (Middle East & North Africa) region.
The business was founded in 2009 by local entrepreneur Abderrazak Yousfi and today attracts almost 700,000 site visits per month and has more than 60,000 vehicles in its database. Abderrazak is a unique entrepreneur in that he has successfully challenged larger, more established incumbents and built a market leading business, with very little help in the process. With a market leading position the business expects to accelerate monetization in 2016.