The Korea Herald

소아쌤

Property deal app draws 38 bln won from Goldman Sachs

By KH디지털2

Published : Dec. 15, 2015 - 10:33

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Zigbang Co., South Korea's top real estate info application, said Tuesday it has attracted a 38 billion won ($32 million) investment from a Goldman Sachs-led consortium.
  

Founded in 2012, Zigbang links real estate agents and renters using a mobile-based platform that utilizes the global positioning system.
 

It had over 10 million downloads as of October, listing more than 2.5 million properties for rent or sale and over 5,000 real estate agents.
  

Zigbang said it will use the fund to expand new services and ramp up marketing.
  

In November 2014, Goldman Sachs invested 40 million won in South Korea's leading food delivery app, Baedal Minjok. (Yonhap)