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Real estate platform 99.co appoints two tech veterans for executive positions

Real estate platform 99.co appoints two tech veterans for executive positions

Rajesh Grover will be Managing Director for 99.co Indonesia, and Vivek Kumar will be new Head of Product

Real estate platform based in Southeast Asia, 99.co, just announced the appointment of two executive hires of the position of Managing Director and Head of Products.

Rahesh Grover, who previously co-founded Lamudi and managed the company’s profitable market of Sri Lanka and Bangladeshi, has been appointed Managing Director of Indonesia-based 99.co.

Vivek Kumar, who takes the role of Head of Product in 99.co, used to lead one of the two product teams at MagicBricks, and was a product leader from Amazon and Snapdeal.

In 99.co’s official statement, the company noted that the new hires will help shape the trajectory of 99.co within the real estate classifieds market.

According to Darius Cheung, 99.co CEO and co-founder, both new additions have extensive experience within proptech and will form a part of 99.co’s move towards a young, entrepreneurial team, purpose-built plans.

“The traditional classifieds portal model is a sunset business. Innovation within classifieds is not just about improving features step-incrementally but developing a new and futuristic model,” added Cheung.

Grover will be responsible for driving profitability of Indonesia operations while growing the business, while Rajesh will be responsible for managing a team across three countries; US, China, and Singapore to deliver seven commercial products for Asia Pacific, European, and Latin American markets.

Just last month, 99.co announced that it has raised a US$15.2M Series B round led by MindWorks Venture and Allianz X, with participation from existing investors East Ventures, Sequoia (India), and Eduardo Saverin.​

The post Real estate platform 99.co appoints two tech veterans for executive positions appeared first on .

This content was originally published here.

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