Dubai-based EMPG hits unicorn status, merges with OLX

Aerial view of Dubai, UAE. Photo: Alex Block/unsplash

Emerging Markets Property Group (EMPG), a Dubai-based property portal operator, has become a unicorn after raising $150 million in a funding round led by OLX Group, according to a statement.

The transaction values EMPG at about $1 billion and, as part of the deal, will see it merge with OLX in Pakistan, Egypt, Lebanon, and the United Arab Emirates.

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