">
TechMoran
  • About Us
  • Jobs
  • Motoring
  • Money
  • Pitch Your Startup
  • Submit Your Post
  • Freelance Gigs
Sunday, March 7, 2021
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
  • Classifieds
No Result
View All Result
TechMoran
">
Home Business

Rupert Murdoch’s News Corp Acquires a 25% Stake in PropTiger.com for $30 Million.

Sam Wakoba by Sam Wakoba
6 years ago
in Business, Startups, Tech
4 min read
0
IMG:www.nbcchicago.com

IMG:www.nbcchicago.com

IMG:www.nbcchicago.com
IMG:www.nbcchicago.com

News Corp has acquired a 25% stake in the parent company of PropTiger.com, a leading digital real estate marketing platform in India, for US$30 million in a move expected to help complement and build on the strength of it’s collection of businesses in news, book publishing and digital real estate.

News Corp owns Move, Inc., operator of realtor.com. Move has the most up-to-date and accurate for-sale listings of any digital real estate company in America and owns a 61.6% stake in REA Group, operator of the leading Australian residential property website, realestate.com.au. REA also has a substantial stake in iProperty, the leading digital real estate advertising business across South East Asia.

PropTiger.com will benefit from News Corp’s digital and product expertise, drawing on its experience with REA and Move to serve India’s 270 million plus Internet users.

Robert Thomson, Chief Executive of News Corp. “PropTiger.com will provide analysis, information and insight so that Indians will be better informed when they make the most significant investment decision any family will make, buying a home. We believe the site will be the most important platform for developers seeking to market new properties and the most trusted and reliable source for purchasers, many of whom will be buying for the first time.”

At least 10,000 properties, with a combined value of over US$1 billion, have already been bought by Indian homebuyers through PropTiger.com. It is estimated that India will be a US$158 billion residential real estate market by 2020.2

News Corp’s investment is in Elara Technologies Pte Ltd (“Elara”), which owns PropTiger.com. PropTiger.com was founded in 2011 by Dhruv Agarwala, Kartik Varma and Prashan Agarwal. Among its other investors are Accel Partners, SAIF Partners and Horizen Ventures. As part of the investment, Raju Narisetti, News Corp Senior Vice President, Strategy, will also join Elara’s Singapore-based board.

READ  Nissan Starts Selling Cars Online

“News Corp and PropTiger.com have a shared vision to use technology, high quality data and rich content to bring transparency and simplicity to the home buying experience and to help consumers make well informed decisions,” said Dhruv Agarwala, co-founder of PropTiger.com

Related posts

Zipline, UPS partner with government of Ghana to deliver first COVID-19 vaccines

March 5, 2021
0

Facebook to expand transparency on Political Ads in more countries including Kenya and Ethiopia

March 5, 2021
0

Safaricom’s ‘Browse Bila Waas’ Campaign to See Customers Enjoy 500 MB Daily Bonus Data

March 5, 2021
0
space-hotel-4

California Startup Has Announced Plans To Begin The World’s First Space Hotel

March 5, 2021
0

News Corp also owns Dow Jones, Wall Street Journal and HarperCollins Publishers businesses.

Readers 1,277

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Tags: IndiaMurdochNews CorpREAReal Eastate
Sam Wakoba

Sam Wakoba

Taking you on tour through Africa's tech ecosystem, one startup at a time! [email protected]

Related Posts

Startups

Zipline, UPS partner with government of Ghana to deliver first COVID-19 vaccines

March 5, 2021
0
Tech

Facebook to expand transparency on Political Ads in more countries including Kenya and Ethiopia

March 5, 2021
0
Tech

Safaricom’s ‘Browse Bila Waas’ Campaign to See Customers Enjoy 500 MB Daily Bonus Data

March 5, 2021
0
space-hotel-4
Tech

California Startup Has Announced Plans To Begin The World’s First Space Hotel

March 5, 2021
0
weWalk
Tech

Blind Inventor Creates Cane That Uses Smart Technology To Help Visually-Impaired People

March 5, 2021
0
Tech

How is the Blockchain and Fashion industry a perfect fit?

March 5, 2021
0
Mandatory Credit: Photo by Evan Vucci/AP/Shutterstock (10434333bm)
Donald Trump, Sauli Niinisto. President Donald Trump speaks during a meeting with Finnish President Sauli Niinisto in the Oval Office of the White House, in Washington
Trump, Washington, USA - 02 Oct 2019
social media

Trump YouTube Suspension Will Lift After ‘Risk of Violence’ Drops, Says CEO

March 5, 2021
0
five women laughing
Business

Beauty Pressures For Women In Business

March 4, 2021
0

ADVERTISEMENT

Join our Mailing List

Loading

Recent Posts

3 Top Ways to Secure Your Windows Computer

March 6, 2021

Zipline, UPS partner with government of Ghana to deliver first COVID-19 vaccines

March 5, 2021

Facebook to expand transparency on Political Ads in more countries including Kenya and Ethiopia

March 5, 2021

Twitter Is Testing An Edit Button For Those Who Like Correcting Grammatical Errors

March 5, 2021

ATU & Ericsson in Talks for 5G Mobile Services & Adoption Across Africa 

March 5, 2021
">
">

Follow Us

">

There are many sites out there focused on blowing off some steam, from funny entertainment to thrilling experiences like playing online, in some cases online gaming could grant you the chance to win extra money. We came across rocketpot.io while browsing for a good btc casino online and it left us a very good impression with their wide variety of games and crypto offering.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

© 2019 Moran Media Group - All rights reserved TechMoran.

No Result
View All Result
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
  • Classifieds

© 2019 Moran Media Group - All rights reserved TechMoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: