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Aurum PropTech Acquires Housing.com at Enterprise Value of Rs 458 Crore
The all-equity transaction will give REA India a 24.9% stake in Aurum PropTech as the company builds a single AI-driven real estate platform.
- Mumbai-Based Aurum PropTech entered a binding agreement to acquire 100 per cent of Housing in an all-equity deal valued at Rs 458 crore, marking a significant transaction in India's proptech space.
- The acquisition aims to create a single AI and data architecture serving as the operating layer for property discovery, transactions, financing, rentals, and management across the real estate ecosystem.
- Under the deal terms, Aurum will issue 1,97,93,309 equity shares representing about 20.5 per cent of its enlarged share capital, with REA India's total shareholding increasing to 24.9 per cent.
- Aurum Ventures Founder and CEO Ashish Deora said, "We welcome REA as a significant shareholder in Aurum PropTech as we build the next chapter of Indian PropTech, powered by AI and data."
- This acquisition expands a portfolio including PropTiger, NestAway, HelloWorld, Aurum Analytica, and Sell.do, as the company maintains a market capitalisation of nearly Rs 1,900 crore on the BSE.
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Mumbai-based Aurum PropTech acquires Housing.com for ₹458 crore — Here's all we know about the deal
Mumbai-based Aurum PropTech has acquired REA Group's property platform Housing.com for enterprise value of ₹458 crore in an all-equity deal to expand its real estate business. Here's all we know about the acquisition…
·New Delhi, India
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Aurum PropTech to Acquire Housing.com in All-equity Deal, Aims to Integrate AI-led Real Estate Platform
Get latest articles and stories on Business at LatestLY. Aurum PropTech Ltd has signed a binding agreement to acquire 100 per cent of Housing.com in an all-equity transaction, a move that the company said will integrate property discovery, transactions, financing and rentals on a single technology platform, while REA India will increase its stake in Aurum PropTech to 24.9 per cent following the deal. Business News | Aurum PropTech to Acquire Hou…
·Mumbai, India
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Total News Sources11
Leaning Left0Leaning Right5Center3Last UpdatedBias Distribution62% Right
Bias Distribution
- 62% of the sources lean Right
62% Right
C 38%
R 62%
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