Bayut.com secures $20 million investment round

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Funding comes from one of the company’s investors – a fund which focuses on frontier and emerging markets

Dubai: UAE-based Bayut.com has recently closed a $20 million investment as part of its Series C venture round.

The funding comes from one of Bayut’s current investors, a fund which focuses on frontier and emerging markets with over US$ 1 billion in assets under management.

The investment has gone into the parent company, EMPG’s, formerly Zamzama Property Group.

The company’s CEO, Haider Ali Khan, said the new investment would be a major asset for the portal as it seeks to establish a firm presence across the Middle East.

We have the top minds of the [industry] on board, some of the world’s most advanced proprietary scalable technology, and ample resources, all of which will contribute to the achievement of our goals.