Habi, the Colombian proptech, announced the acquisition of Okol, a Mexican company that owns Propiedades.com and Tu Cantón, the two most popular property sites in Mexico.
Habi uses pricing algorithms and a centralised database to simplify the process of buying and selling properties across Latin America. The company acquires homes, renovates them, and then re-lists them at affordable and competitive prices.
The startup raised a $100M Series B in July last year, and has since continued to grow exponentially across the region.
Habi aims to become the largest property platform in Mexico, and the acquisition of Okol is key for achieving this. Propiedades.com and Tu Cantón operate in 11 cities across Mexico, including Mexico City, Guanajuato, and Jalisco.
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