PropTiger | Pixr8 News

In a major consolidation in the online realty space, PropTiger.com and Housing.com today announced a merger to create Indias largest online real estate services company and the joint entity will raise USD 55 million of fresh investment. News Corp-backed PropTiger.com and SoftBank-backed Housing.com announced "they will come together to become India's largest online real estate services company." As part of the transaction, REA Group Ltd will invest USD 50 million in the joint entity with an affiliate of SoftBank Group Corp, investing USD 5 million. News Corp remains the largest shareholder of PropTiger, and also owns 61.6% of REA Group. Representatives of REA and SoftBank will join the board of the joint entity, which will continue to be chaired by a News Corp representative. Dhru...

Online real estate advisor PropTiger.com announced the acqui-hire of Mumbai-based start-up PropRates, a pioneer in data collation tools which gathers actual real estate transaction data. With this acquisition, PropTiger aims to provide consumers real-time access to price related information on the property market. The latest acquisition comes close on the heels of the company's acquisition of Gurgaon-based 3DPhy earlier in August, which was aimed at extending its lead in 3D visualisation and other technology solutions. Commenting on the development, Dhruv Agarwala, CEO, PropTiger.com and makaan.com, said: "With this acquisition, PropTiger will be able to augment its existing DataLabs offerings. The advanced data collation tool developed by PropRates will enable users to make m...

Tag: PropTiger

Housing.com Shuts Down, Announced Merger With PropTiger

PropTiger Acquires PropRates, Adds Advanced Data Collation Tool to Offerings