3 Comments

Summary:

In the ongoing online property listings competition, Zoopla says it needs to raise more money to put toward marketing itself.

Zoopla's Alex Chesterman and Simon Kain

In the ongoing online property listings competition, Zoopla says it needs to raise more money to put toward marketing itself.

It’s taking on £1.75 million from existing shareholders in return for more equity, led by Atlas and Octopus. And it’s taking on another £1.5 million in debt from Silicon Valley Bank.

The site claims five million monthly uniques, but is facing off against the likes of market-leading Rightmove.

In this competition, each has been advertising on national TV. An August Zoopla campaign boosted visitors by 23 percent. Now TV ad rates are rising again.

Zoopla had already announced an upcoming January prime-time TV campaign last month, when CEO Alex Chesterman (pictured) said: “We will continue to invest whatever it takes to build Zoopla into a household name.”

The campaign will run across ITV (LSE: ITV), Channel 4, Five and Sky’s channels.

Zoopla has acquired OnOneMap.com, DotHomes.com, Extate.com and the PropertyFinder Group.

You’re subscribed! If you like, you can update your settings

  1. Would be great to see Zoopla get stronger and stronger. Its a great site

  2. Zoopla seems to be getting stronger and stronger, the level and quality of leads they generate now is great

    1. Online Estate Agent Barbara Monday, December 5, 2011

      I don’t think Zoopla is getting stronger and stronger – it continues to fall behind Rightmove in terms of visitor traffic and leads. The recent merger they announced with TDPG (primelocation & findaproperty) indicates they don’t think they will be get enough additional investment from existing shareholders to close the gap. As of Dec 2012 staff at both companies are not giving any clues what the new structure will look like – or they simply don’t know. 

Comments have been disabled for this post