Real estate listing platform Lamudi Indonesia eyes acquisitions

CEO Mart Polman calls achieving scale 'critical' in property tech industry

20230808 DSA Lamudi

The Indonesian real estate market is projected to achieve a compound annual growth rate of over 10% from 2022 to 2027, according to a report by Mordor Intelligence. (Source photo by Getty and logo from Lamudi's website)

GITA ROSSIANA, DealStreetAsia

JAKARTA -- Property listing platform Lamudi Indonesia is scouting for acquisition opportunities that can support its ecosystem as it looks to scale up and turn profitable this quarter, a top executive said.

In an exclusive interaction with DealStreetAsia, Lamudi Indonesia CEO Mart Polman said that in the property tech industry, "scalability is a critical thing, as it can increase traffic and attract more developers and agents to connect with the users. After we acquired OLX's property business, our traffic increased over four times." 

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