The terms of the deal were not disclosed. News Corp raised its stake from 25% with an investment of $30 million in November 2014. PropTiger has since acquired design firm Out of Box Interaction (OoBI) and rival Makaan.com. With India’s Internet and Property sectors booming, the time is ripe for online real estate portals.
The Co-founder of the real estate platform, PropTiger, Prashan Agarwal has exited the company. The company made fresh appointments to the senior positions to strengthen the team. The former Chief Executive Officer of Karvy Private Wealth Sunil Mishra joined as the Chief Business Officer, Rohit Hasteer (previously with MakeMyTrip) as Chief Human Resources Officer and the former marketing head at India Today Group Neeraj Chaturvedi as Chief Marketing Officer.
Together, PropTiger.com and Makaan.com will provide home buyers with a powerful online real estate platform to guide them through the early stages of home search and identification and all the way until they have the keys to their dream home
OoBI will function as the design studio of PropTiger.com
Zillow and Trulia in US are not doing any of this yet and all of them have billion dollar market caps!