Tanzanian Online Classified Firm Kupatana.com Gets Funded

Tanzanian Online Classified Firm Kupatana.com Gets Funded

Tanzania’s largest online classified website, Kupatana.com, has received undisclosed amount of investment from digital investment firm, Frontier Digital Ventures (FDV).

Kupatana.com is leading classified website in Tanzania that lists such as automobiles, real estate, consumer goods and also offer users over 120,000 classifieds listings.. It is expanding its presence to Uganda, Rwanda and Burundi.

It had recorded greater than 720,000 visits with 4.82 million page views and 3.31 million mobile app screen views in the month of May, Deal Street Asia reported.

“One of our target frontier regions is East Africa and the team at Kuapatan.com has made huge steps in building a great business that is the clear leader in Tanzania, growing rapidly in Uganda and with an expanding presence in the neighboring countries of Rwanda and Burundi,” FDV CEO Shaun Di Gregorio said in a statement.

The east African nation of about 50 million people is the fifth largest in terms of population in Africa and one of the most stable countries in a continent that has seen quite a number of countries go down the coup and civil war route.

Tanzania had 6.1 million internet users in 2012, but recent development in broadband internet connections has allowed more people to access the web at faster speeds and cheaper cost.

FDV, a Kuala Lumpur-based company, has been on an investment spree this year investing undisclosed amounts in Panama’s Encuebtre24.com, Pakistan’s PakWheels,con and Myanmar’s MyanmarCarsDB.com and iMyanmarHouse.com.