Revalu8, a self-described Uber of real estate launched in July last year, has sunk into liquidation.
Creditors decided to wind up the Queensland startup and appoint a liquidator at a meeting last week, with a software development company owed more than $486,000 out of total debts of $687,938.
The Revalu8 service launched last June backed by $1.5 million of seed funding, with a mission to connect buyers and vendors of residential real estate. The site provided comparison tools for potential buyers, as well as promising complete transparency on transactions and negotiations between the buyer and the vendor.
The accepted practices of advertising and selling real estate in Australia favour the advertiser, agent an…
Read the full article at: https://www.businessinsider.com.au/australias-uber-of-real-estate-is-in-liquidation-owing-688000-2017-3
