Basobaas.com, a real estate online marketplace based out of Nepal has recently raised an unknown amount of seed funding. The round was led by Australian company Emerging Classifieds Ventures which specializes in real estate and automotive marketplaces in the emerging markets.
The latest procced will be used to scale up its operation and reach the new market within Nepal. Besides, the startup will hire talents across the division to move to the next stage.
Basobaas.com was founded in 2016 by Binit Sharma to address the different pain and friction points in the Nepalese real estate market. It is first and largest real estate classifieds marketplace in Nepal that offers local buyers and sellers a platform to search and find their next home in the country.
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