Rupert Murdoch led News Corp acquired 25 percent stake in

Nov 26, 2014 12:11 IST

Rupert Murdoch led News Corp on 25 November 2014 acquired 25 percent stake in for 185 crore rupees.

Based out of Noida, PropTiger is one of India’s largest online real estate brokerage firms aimed at first time home buyers.

The company operates only in 8 major cities in the country: Noida, Gurgaon, Mumbai, Pune, Bangalore, Chennai, Kolkata and Ahmedabad.

The real estate website was founded in 2011 by Dhruv Agarwala, Kartik Varma and Prashan Agarwal and has already received investments from Accel Partners, SAIF Partners and Horizen Ventures.

The three founders are all industry veterans. Agarwala was the CEO of GE's Infrastructure business in India, Varma has worked with fund houses like TCI Fund Management and Agarwal earlier had another real estate brokerage firm before joining PropTiger.

Unlike other real estate websites that offer a plethora of services, PropTiger claims to offer only two services: property advisory and loan advisory for customers.

The company claims to have pioneered other innovations like Property Portfolio, Livability and Safety Scores, Resale Price Estimates and detailed Micro-Market Trends and Analyses. It also recently launched Data Labs services for real estate developers, private equity investors and banks.

Is this article important for exams ? Yes2 People Agreed
Read more Current Affairs on: Rupert Murdoch , News Corp ,

Latest Videos

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK