Neogen invests EUR 500,000 in real estate classifieds platform

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Neogen, owned by local entrepreneur Calin Fusu, and which has BestJobs, Vivre or Zumzi in its portfolio, is investing EUR 500,000 in setting up a real estate classifieds platform, Casta.ro, which aims at replacing the percentage commission out of the house’s cost by an initial fee, worth EUR 100. If the house is sold an extra success fee is to be added.

The new real estate platform is led by Razvan Theodorescu, former sales manager at imobiliare.ro.

According to the Neogen CEO, Calin Fusu, the focus of the new online platform will be on patterns that will be able to bring efficiency on fragmented markets, on price cuts and on higher quality of services.

Neogen Group has established BestJobs, Clever Tax (sold to Daimler), or Vivre Deco.

The group also acquired last year 20 percent of Frisbo, the first e-fulfillment platform in Romania, following an investment of EUR 500,000. Read more here.

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