bearish
Zigbang: Number One Proptech App in Korea
548 Views04 Jul 2022 14:31
SUMMARY
- Zigbang is a leading property search platform in Korea. Zigbang's strategy is to capitalize on the digitalization of living space, real estate transactions and smart home devices.
- In January 2022, Zigbang agreed to acquire Samsung SDS’ home internet of things (IoT) unit for about $85 million to further penetrate the smart home industry.
- In late June 2022, Zigbang received 100 billion won in investment from IMM Investment, KDB Bank, and Hana Financial Investment, valuing the company at 2.5 trillion won.
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