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9Jun By AnkitaNo Comments

Market

SoftBank backed Lemonade files for IPO

NEW YORK, 9th June 2020-- Softbank backed digital insurer platform Lemonade has filed a Form S-1 with the U.S. Securities and Exchange Commission (“SEC”) relating to the proposed initial public offering of its common stock. Application has been made for listing the common stock on the New York Stock Exchange under the ticker symbol “LMND.” The number of shares to be offered and the price range for the proposed offering have not yet been determined. A registration statement on Form S-1 relating to these securities has been filed with the SEC but has not yet become effective. Lemonade has raised around $480 million from SoftBank Group, Sequoia Capital Israel, General Catalyst, and others.

Square Yards Acquires Rental & Property Management Firm Azuro

6Feb By AnkitaNo Comments

ACQUISITION

Square Yards Acquires Rental & Property Management Firm Azuro

Property brokerage firm Square Yards, which is backed by Anil Ambani-led Reliance Group, has acquired Mumbai-based rental platform Azuro as part of its expansion plan. Founded in 2016 by IIT Bombay alumni Altaf Ahmad, Sushant Kumar, Sudhanshu Mishra, Ayush Agrawal and Vishal Chauthmal, Azuro offers rental and property management solutions. It helps in finding a tenant, background checks, automated rent collection, property maintenance and tenant exits. The entire team of Azuro, including its co-founders, has joined Square Yards and will continue to operate under the larger umbrella with the same brand name. Square Yards founder and CEO Tanuj Shori said, "Square Yards is building an integrated intermediary ecosystem for the real estate industry and this requires the best of technol...

Housing.com & Tata Housing Collaborate To Develop Digital Marketing Platform For Projects

27Dec By AnkitaNo Comments

BUSINESS

Housing.com & Tata Housing Collaborate To Develop Digital Marketing Platform For Projects

Realty portal Housing.com has tied up with real estate major Tata Housing to create an exclusive digital marketing platform for the sale of existing inventories and launch of new projects. Housing.com and Tata Housing have formed a partnership as part of which the realty portal would "offer a full stack solution by creating an exclusive integrated pan-India brand platform showcasing their current inventory (premium homes as well as Tata Value Homes) as well as exclusive launch of their upcoming projects." As part of this partnership, Housing.com will implement a wide gamut of solutions that include interactive tools like Virtual Reality, creation of exclusive content through Housing.com design studio, leveraging Housing News, IREF platforms as well as Housing.com events and brand pla...

24Jul By Press Trust of IndiaNo Comments

FUNDING

Qdesq Raises Angel Funding To Tap Workspace Market

Qdesq, a workspace rental platform, has raised an undisclosed amount from a clutch of investors, led by Kajaria Ceramics Joint MD Rishi Kajaria, Jaipuria Beverage and Food Director Ruchirans Jaipuria and Jai Drinks Director Anuraag Jaipuria. The angel round also saw participation from existing investors Dheeraj Jain (Partner, Redcliffe Capital), Ankush Nijhawan, Gaurav Bhatnagar and Manish Dhingra. The company, however, declined to share details of the funding. "We are currently at 216 venues across Delhi NCR in both formats - short occupancy (meeting rooms, workspace for a day and Qcafe) as well as long occupancy (workspace on monthly basis). With a current growth of 60 per cent month-on-month on the revenue side, 20-25 Qdesq verified venues are appended to the list on supply side ...