Despite the current market Zoopla.co.uk is "totally committed to supporting the industry and building into the leading online property destination in the UK" according to Alex Chesterman, Founder & CEO. This week Zoopla announced a further £3.25 million of new funding consisting of£1.75 million of equity finance from existing shareholders, and a £1.5 million debt facility from Silicon Valley Bank, the commercial banking division of SVB Financial Group.According to Phil Cox, for Silicon Valley Bank, Zoopla leading within the property industry and has experienced "tremendous growth over the past couple of years. We’re delighted to support Zoopla as it enters this next significant phase of development”, which will include further investment in marketing and brand awareness in an effort to grow market share. Zoopla launched a very successful national TV campaign earlier this year and will return to the small screen in January with a further campaign across ITV, Channel 4, Channel 5 and the Sky digital channels.
4 comments:
Zoopla is still up and coming and has a long long way to catch up on RightMove. Only about 10% of our leads come from them. But keep it going as we really do need alternatives to R Move.
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It is good to see that in the current property climate Zoopla are not holding back and are perhaps seeing this as the time to increase their market share. Zoopla is a fast growing company already and the most likely of the other 3 big websites to seriously challenge Rightmove. If Zoopla can increase its market share and if in turn, this reduce Rightmoves dominance this can only be a good thing for everyone in the property market.
Zoopla is continue committed on its way of giving high perfirmance services to every clients. It's a good news for them to increase their network in order to handle their next battle in business.
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