Please see the original article at: www.ilab.com.tr/_files/press/Arabam.com_iLab_Press_Release.docx

iLab Ventures acquired Arabam.com!

iLab Ventures, the leading online platform in Turkey continued its strategic acquisitions in the classifieds space with Arabam.com, the leading car classified player in Turkey.

25 December, 2015

iLab Ventures, the leading online platform in Turkey continued its strategic acquisitions in the classifieds space with Arabam.com, the leading car classified player in Turkey

Arabam.com acquisition provides iLab Ventures a strong entry into car classifieds category, who has been no stranger to classifieds. iLab Ventures, operates the leading online job portal “Kariyer.net” and Emlakjet.com, a significant player in property portal space.

Arabam.com founded in 2000, serves millions of internet users and thousands of car dealers and automotive companies. The company lists over hundreds of thousands vehicles submitted by car dealers, automotive companies or consumers, via Araba.com website, IOS and Android mobile platforms.

Mustafa E. Say, Founder and Chairman of iLab Ventures, states that: “Our Arabam.com investment is the result of our focus on classifieds space as a strategic growth category. Doğan Holding has successfully built Arabam.com platform as a leading car classifieds player, and now as iLab we are excited to carry forward Arabam.com and to aim for new targets.

About iLab Ventures

iLab Ventures, a leading online platform, invests predominantly in scalable internet businesses in early and late stage growth businesses in Turkey and the region. Current iLab portfolio of companies reach +35% of Turkish online audience with leading online businesses including Kariyer.net, Gittigidiyor.com and Sigortam.net

About Arabam.com

Arabam.com, founded in 2000 is the leading car classifieds portal in Turkey. Arabam.com lists hundreds of thousands cars, motorcycles and commercial vehicles serving millions of internet users.