Who owns the gumtree website

That is when the founders decided to launch a portal that was similar to Gumtree. They also explained the business idea to eBay.

The idea was to copy the model of Gumtree Countries around Eastern Europe and Russia, and provide them with a portal where one could post classified ads in their local languages under categories such as: property rentals, sales, flat shares, dating, jobs, etc…. Both the parties — eBay and Gumtree founders, chipped in some money, and launched the project. And with that — just a month after selling off Gumtree. Much like Gumtree, the revenue model of Slando was also based on featured adverts as well.

Unlike their homeland, things were pretty different and difficult out there for them. Russia was largely a paper economy and to be able to do just about anything, a lot of paperwork needed to be done! Unlike the UK, where you have to give an invoice to collect the money, in against for the service one acquires; in Russia, you have to provide several different documents to get such a transaction done. Moving money from one party to another, paying an invoice to someone, is an extremely complicated process in Russia.

In , the founders noticed that the business had reached to a stage where the growth of the product required for it to be closer to its customers, and required someone fit for the part.

They began talks with them, and after running the company successfully for about six years and after months of negotiations, the founders of Gumtree.

Today just like Gumtree, with more than 11 Million users across Russia and Eastern Europe, Slando too has transformed into one of the largest and fastest growing online classifieds portals across 10 countries including — Russia, Ukraine, Kazakhstan, Belarus, Hungary, Czech Republic, Slovakia, Portugal, Greece and Brazil — and now accounts for local towns and regions as well.

Cyan Default Red Orange. The companies have offered the sale of two businesses which we believe may address the competition concerns our investigation raised. The CMA will now review these proposals carefully before making our final decision. The CMA now has until 29 April to decide whether to accept the undertakings, with the possibility to extend this timeframe to 28 June if it considers there are special reasons for doing so, it said. Terms of the deal were not disclosed.

Mr Pennington and Mr Crookall set up Gumtree in after deciding that Londoners needed a classified ad website focusing on homes. They sold it to eBay in The US auction giant also backed Slando, taking a 20 per cent stake in the venture. The pair set up Slando in , and users can post adverts on it for everything from property sales to dating and jobs. First Name This Field must be filled. Last Name This Field must be filled. Email address Please check your email address.

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