Tuesday, November 5

Tag: Elara Technologies

Top 5 Funding of The Week (20th August – 25th August)
FUNDING

Top 5 Funding of The Week (20th August – 25th August)

Funding refers to the process of raising funds for the purpose of business growth and these days funding has become a very important part of the business and startup world. Without funding, it is quite impossible to think about the growth of a business. The last week was quite eventful in terms of funding activities and thus, we have a list of the top five funding activities of the week. The largest amount that was raised this week was $350 million by  One Medical. Lets now dig into the details and have a look at the other funding activities as well.   1) ELARA TECHNOLOGIES Elara Technologies, the owner of Housing.com, PropTiger.com and Makaan.com that is based in Singapore has reportedly raised an amount of $35 million in a fresh funding round. The round was led by ...
Singapore-based Elara Technologies Raises $35 million in Fresh Funding
FUNDING

Singapore-based Elara Technologies Raises $35 million in Fresh Funding

Elara Technologies, the owner of Housing.com, PropTiger.com and Makaan.com that is based in Singapore has reportedly raised an amount of $35 million in a fresh funding round. The round was led by Citi Singapore and these funds are being planned to be used for business growth. The investment will be made in the brand building, product & technology, sales force and geographic expansion. "Our consistent high double-digit growth momentum and mode of financing reflect the strong fundamentals of our company. We expect this funding to catalyze our next phase of growth and build our leadership in the rapidly expanding digital real estate space in India" stated Dhruv Agarwala, Group CEO of all the three brands of Elara Technologies. Housing.com had recently claimed that its revenues had im...