Aurum Proptech Limited (‘Aurum’) Has approved a binding agreement with rea India to investment 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 preferentiial allotment, BOCCEMING A Strategic Sharehlder
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 specking in Residential Sails Brookery
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, Sell.DO, 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 VenturesSaid, “Our Conviction in this Acquisition Stems from a Shared Vision With Rea India to digitize the consumer’s real estate journey. Real Estate Distribution in India, Estimated at INR 38,000 Croes in Annual Expenditure Across Lead Generation, Sales Automation and Transaction Management. “
Rea India Chief Executive Officer, Praveen Sharma, Commented, “We believe aligning prop Tiger with aurum will set the stage for its long-term growth. While Unlocking Greater Potential for Proptigeer. “
Strategic Fit & Synergies
By joining aurum, Proptiger Gains Access to a Proven Integration Playbook, Built Through Successful Acquisitions Like Helloworld, Nestaway, Sell.DO, and Aurum Analytica. This Foundation will enhance enhanced technology enablement through unified ai and data infrastructure, while unlocking smarter tools such as such as virtual propelie Analytics.
Aurum will integrate propTiger, ENSURING CONTINUTY 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
Scalaable 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 brings transparency, trust and digital transformation into the real estate sector through its integrated propopetech ecosystem. It Owns and Operates, Nestaway Technologies, India’s Premier Rental Marketplace, Using Technology to Enable Property Ownes Find Tenants and Manage Properties Efficiently; Aurum analytica, a data analytics company power Estate.
For more information, visit www.aurproptech.in/Press-Release,