Elara Technologies looking to acquire home rental platform

Elara Technologies looking to acquire home rental platform
22/03/2019 , by , in ALLIED

Singapore-based Elara Technologies, which owns three realty portals PropTiger, Housing and Makaan, is actively looking to acquire rental housing platform for providing end-to-end services from listing to brokerage in this growing segment, sources said.

The News Corp and Softbank backed company is in discussion with a couple of startups which have home rental platforms for acquisition, they said.

In August 2018, Elara Technologies had raised USD 35 million (around Rs 245 crore) as debt from Citi Singapore to invest in new products, technology and for expansion.

ElaraTechologies formed realty portal PropTiger in 2011 and later acquired Makaan in May 2015 and Housing in January 2017 to create India’s largest full service online-to-offline real estate platform.

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