Turkey’s iLab Ventures acquired Arabam.com

iLab Ventures, the owner of Turkish property portal Emlakjet.com, has acquired Arabam.com, the leading car classified player in Turkey Arabam.com. iLab Ventures now has a strong position in each of the major classified verticals as it already owns the leading online job portal Kariyer.net.

iLab Ventures invests predominantly in scalable internet businesses in early and late stage growth businesses in Turkey and the region. Current iLab portfolio of companies reach +35% of Turkish online audience with leading online businesses including Kariyer.net, Gittigidiyor.com and Sigortam.net
Arabam.com founded in 2000, serves millions of internet users and thousands of car dealers and automotive companies. The company lists over hundreds of thousands vehicles submitted by car dealers, automotive companies or consumers, via Araba.com website, IOS and Android mobile platforms.

Mustafa E. Say, Founder and Chairman of iLab Ventures, states that: “Our Arabam.com investment is the result of our focus on classifieds space as a strategic growth category. Doğan Holding has successfully built Arabam.com platform as a leading car classifieds player, and now as iLab we are excited to carry forward Arabam.com and to aim for new targets.

Source: http://www.propertyportalwatch.com