iLab Holding acquires Leading Turkish Real Estate Firm Emlakjet.com

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Romeo Chalfoun
Jun 26 2014
Industry
iLab Holding acquires Leading Turkish Real Estate Firm Emlakjet.com
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iLab Holding has acquired Emlakjet.com; one of Turkey’s leading real estate sites with half a million listed properties listed by real estate agents and consumers, as well as an app on  iOS, Android, and Windows 8. The site currently receives 40 million monthly visits, and has made revenue of 50 million USD last year. iLab Holding (subsidiary of Turkish investment firm Access Turkey Capital Group) did not reveal the amount paid for this acquisition, or whether or not Emlakjet was profitable. But this purchase gives iLab Holding a strong pillar in the real estate property classifieds business.

iLab Holding is also owner of the online job board business Kariyer.net since the year 2000, and has a portfolio of 14 businesses. It invests mainly in Internet and digital media businesses in their early and late stages of growth that are able to scale their business, and offers them an action plan, funding, business development and technology support.

Mustafa E. Say, Founder and Chairman of iLab, said: “Our Emlakjet.com investments demonstrates iLab’s confidence in the potential of Turkish internet sector and commitment to long-term growth prospects. Okan Arı and his team successfully built Emlakjet.com platform over the years, and we are excited to aim for new targets. " Emlakjet.com founder Okan Ari said, “Being part of iLab Holding will increase Emlakjet.com’s competitiveness, accelerate our growth and help us become the leading real estate site.”

iLab Holding Other prominent classified and e-commerce sites in their portfolio such as:

- Cimri.com: an ecommerce and price comparison site with products from many stores mainly divided into photography & camera, electronics, computers, mobile phones, white goods, baby products, games & hobby, sports & fitness, clocks and jewelry.

- Gittigidiyor.com is Turkey’s largest online shopping mall with 6 million registered users and half a million daily unique visitors.

- Kariyer.net is the biggest jobs site in Turkey with a team of 200 people working in 11 regional offices all around Turkey.

Unnadó.com is a private shopping club that gives special discounts on products for mothers, babies, toddlers, and kids. Membership is by invitation and reference only, and current members referring new members receive gift certificates when their referrals end up buying something on the website.