Latest news with #PrakashTejwani
Fashion Value Chain
24-07-2025
- Business
- Fashion Value Chain
Aurum PropTech Approves the Acquisition of 100% Stake in PropTiger
Aurum PropTech Limited ('Aurum') has approved a binding agreement with REA India to invest in PropTiger's business through an all-stock, strategic equity swap. REA India will be allotted 4,242,537 equity shares of Aurum through a preferential allotment, becoming a strategic shareholder REA India will transfer control of PropTiger's business, including its technology, teams, client relationships and intellectual property to Aurum The acquisition marks a major step forward in Aurum's vision to build a seamless, full-stack PropTech ecosystem, now strengthened by a 350+ member team specializing in residential primary sales brokerage PropTiger recorded a 23% CAGR over FY22-FY24, with FY24 revenue at INR 955 million PropTiger deepens the synergies across Aurum's ecosystem, complementing Nestaway, and Aurum Analytica Aurum has appointed Mr. Prakash Tejwani as the Chief Executive Officer and will elevate Mr. Sridhar Srinivasan as the Chief Business Officer at PropTiger over the next 12 to 18 months. Speaking about the acquisition, Mr. Ashish Deora, Founder & CEO, Aurum Ventures, said, 'Our conviction in this acquisition stems from a shared vision with REA India to digitize the consumer's real estate journey. This reinforces Aurum's dominance across the total addressable market (TAM) for residential real estate distribution in India, estimated at INR 38,000 crores in annual expenditure across lead generation, sales automation and transaction management.' REA India Chief Executive Officer, Praveen Sharma, commented, 'We believe aligning PropTiger with Aurum will set the stage for its long-term growth. This agreement is a decisive step in further sharpening our focus on our business and its leading digital experiences while unlocking greater potential for PropTiger.' Strategic Fit & Synergies By joining Aurum, PropTiger gains access to a proven integration playbook, built through successful acquisitions like HelloWorld, Nestaway, and Aurum Analytica. This foundation will enable enhanced technology enablement through unified AI and data infrastructure, while unlocking smarter tools such as virtual property tours, investment dashboards and matchmaking analytics. Aurum will integrate PropTiger, ensuring continuity while expanding value for all stakeholders: For Homebuyers & Sellers: Richer discovery tools Unified digital + on-ground advisory Faster, tech-enabled transactions For Developers & Channel Partners: Access to end-to-end marketing and sales support Scalable tools such as CRM, lead intelligence, and transaction management Platform-led visibility across Aurums' ecosystem About Aurum PropTech Aurum PropTech Limited is a listed company with BSE Limited (Scrip code: 539289) and National Stock Exchange of India Limited (Scrip code: AURUM). It aims to bring transparency, trust and digital transformation into the real estate sector through its Integrated PropTech Ecosystem. It owns and operates, Nestaway Technologies, India's premier rental marketplace, using technology to enable property owners find tenants and manage properties efficiently; Aurum Analytica, a data analytics company powering real estate developers identify prospective buyers for their properties and India's leading Sales Automation and Digital Transformation company for real estate. For more information, visit
Time of India
23-07-2025
- Business
- Time of India
Aurum PropTech acquires REA India's PropTiger in strategic share-swap deal
Aurum PropTech has acquired PropTiger. The acquisition is through an all-stock deal with REA India. REA India will get a 5.5% stake in Aurum PropTech. Aurum will take over PropTiger's operations. PropTiger's integration will enhance Aurum's proptech portfolio. Prakash Tejwani is the new CEO of PropTiger. The deal allows REA Group to retain exposure to the Indian market. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Listed property technology company Aurum PropTech has acquired 100% of PropTiger , the Indian arm of News Corp Australia-backed REA Group , through an all-stock strategic equity swap. This marks the first-ever share-swap–based acquisition in the country's proptech part of the transaction, REA India will become a 5.5% equity shareholder in Aurum PropTech by receiving 4,242,537 equity shares through a preferential the agreement, REA India will transfer complete operational control of PropTiger to Aurum, including its technology infrastructure, team, customer relationships, and intellectual transaction will result in PropTiger's integration into Aurum's broader proptech portfolio, which includes NestAway, HelloWorld, and Aurum Analytica."Our conviction in this acquisition stems from a shared vision with REA India to digitize the consumer's real estate journey. This reinforces Aurum's lead across the total addressable market (TAM) for residential real estate distribution in India, estimated at Rs 38,000 crores in annual expenditure across lead generation, sales automation, and transaction management,' said Ashish Deora, Founder and CEO of Aurum reported a compounded annual revenue growth of 23% between 2021-22 and 2023-24, closing 2023-24 with revenue of Rs 95.5 crore. With this acquisition, Aurum adds a 350-member residential brokerage and technology team, strengthening its position in the residential real estate services has named Prakash Tejwani as the new Chief Executive Officer of PropTiger and Sridhar Srinivasan will be elevated as Chief Business Officer over the next 12 to 18 to Praveen Sharma, CEO of REA India, the decision to align PropTiger with Aurum would enable the platform's long-term growth. 'This agreement helps sharpen our focus on and its digital initiatives, while unlocking greater value for PropTiger through its integration with Aurum,' Sharma integration into Aurum's existing platform is expected to drive efficiencies through a unified data and Artificial Intelligence (AI) framework. The combined setup will offer tools such as virtual property tours, investment dashboards, and analytics-driven property deal marks a strategic move by REA Group to retain exposure to the Indian market through its stake in Aurum while exiting direct control of PropTiger, which it acquired in 2017 and later merged with and Aurum, the share-swap structure adds PropTiger to its growing proptech ecosystem without upfront cash outflow, building on its recent string of platform REA Group is a global digital business specializing in property, with businesses in Australia, Asia and North America. It is listed on the Australian Securities Exchange and is majority-owned by News Corp Australia , led by Rupert company's market capitalization stands at over A$30.9 billion as of July end, ranking it among the world's top real estate internet platforms. The group owns and operates over 16 real estate related brands globally.
