Elara acquires home rental platform FastFox for nearly $14.5 million
Elara Technologies, which owns three realty portals Housing.com, PropTiger and Makaan has acquired home rental brokerage platform FastFox.com at a valuation of nearly Rs 100 crore as part of its growth plans.
After this acquisition, Singapore-based Elara entered into the online-to-offline home rentals space that has a market size of over Rs 20,000 crore.
About Elara Technologies funding, the realty market based platform has raised $105 million so far from investors as equity. It also raised $35 million debt last year for organic and inorganic growth.
"Until now we were in the home rentals market through listings on both our platforms, Housing.com and Makaan.com. With this acquisition, we will now provide end-to-end on-ground assistance to both landlords and tenants in collaborat...