SoftBank Corp announced its third investment of 570 crore rupees in

Dec 19, 2014 18:20 IST

Japanese telecom & internet giant SoftBank Corp on 16 December 2014 announced its third investment of 570 crore rupees in

SoftBank will acquire around 30% stake in the property portal for 470 crore rupees. With this, the value of increased to 1550 crore rupees.

Online real-estate ventures have seen a steady flow of investor money in recent months with the likes of PropTiger getting a 30 million US dollar investment from Rupert Murdoch's NewsCorp.

The existing companies in the housing sector are 99acres, Magicbricks, part of the Times Group, and new-age startups like Bengaluru-based Commonfloor.

Housing sector is witnessing a promising future because of its technology backbone and heavy focus on data and analytics.

Is this article important for exams ? Yes15 People Agreed
Read more Current Affairs on: SoftBank Corp , , Property portal ,

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