Bayut
Bayut is a UAE-based property website and a part of the Emerging Markets Property Group that hosts real estate listings for residential and commercial properties across the UAE's seven emirates. History. Bayut was founded in 2008 by the brothers Zeeshan and Imran Ali Khan, following their launch of Zameen.com in Pakistan. Their elder brother, Haider Ali Khan, became company CEO in 2014, and began an investment drive. After Bayut parent company EMPG raised substantial funds of $100 million in early 2019, led by KCK Group, a Californian investment company Bayut acquired the Middle East assets of  Lamudi, which operated in the UAE, Saudi Arabia and Jordan, and itself expanded into Saudi Arabia. The same year, Chris Hemsworth starred in a Bayut commercial. In April 2020, EMPG and the Netherlands-based OLX Group announced a merger of their businesses in the UAE, Egypt, Lebanon, Saudi Arabia, Kuwait, Qatar, Bahrain, Pakistan and Oman, together with the OLX-owned Dubai-based classifieds website, Dubizzle. In May 2020, EMPG further acquired Lamudi Global, with assets in the Philippines, Mexico and Indonesia. Investment. Bayut is one of the GCC region's most well-funded tech startup companies. Its parent company, Emerging  Markets Property Group, has raised a total of $310 million over several investment rounds. They were backed seasoned investors such as KCK Group and Exor Seeds, fuelling Bayut's expansion and growth in the Middle East. In April 2020, EMPG raised $150 million in its latest investment round, taking the group's valuation to $1 billion.