Natthapon Asswisessiwakul, Founder and CEO of ZmyHome, said the portal has grown around 18 per cent per month since its launch two years ago and has seen more than 10,000 sale or rent listings on the portal.
ZmyHome allows only property developers and homeowners to post their properties on the portal so that buyers can get the best prices. The platform supports developers and homeowners to sell faster by offering market data and advertising tools directly to potential buyers.
“We invested in ZmyHome because it is an improving real estate platform,” Koichi Saito, founder and general partner of KK Fund, said. “In all developed countries, a reliable platform is necessary to increase market liquidity. In countries like Australia, USA or UK, homeowners take only 1-3 months on average to sell their houses. That’s why ZmyHome is dedicated to making sure their platform is clean; it does not have duplicate, outdated or faked listings – this is of paramount importance for buyers to study supply and prices.”
With the latest funding, the company will expand the platform to cover other types of users, including banks and foreign owners. It also plans to develop a price suggestion system, an advertising tool to ensure all sellers are able to sell their property within three months.
KK Fund joined a $1.65-million Series A round in Thai logistics marketplace startup Giztix last November, and had earlier invested in Event Pop, a Bangkok-based end-to-end event management platform.