Real estate startups ignites market
Following the mushrooming of online real estate startups, the segment is headed for a consolidation that will lead to monetisation and stronger business entities, the latest being the merger of CommonFloor with Quikr’s realty vertical. Other instances include PropTiger’s purchase…

Following the mushrooming of online real estate startups, the segment is headed for a consolidation that will lead to monetisation and stronger business entities, the latest being the merger of CommonFloor with Quikr’s realty vertical.

Other instances include PropTiger’s purchase of Makaan-.com and Square Yards’ acquisition of three companies in the past year. Last week, another possible deal, with Housing.com said to be in talks with Snapdeal and News Corp for a stake sale is reported by the Economic Times.

The segment has attracted over $250 million in investments over the past two years, a period when realty sales were the slowest in the country. The investments were made by Helion Ventures, Nexus Venture Partners, SoftBank Group, Accel India, Horizen Ventures, Qualcomm Ventures and Nirvana Ventures.

“We will see more such mergers happening now as it is mostly driven by the synergetic value created by the two companies for achieving goals faster. The mergers will be more for acquiring products,” said Alok Goel, Managing Director of SAIF Partners.

“Profitability is dependent on the stage at which these companies are now. India is still at an early stage. Further existence of too many players also reduces margins,” he said.

The current sluggish real estate market is expected to throw up more opportunities for acquisition of entities that are struggling to move ahead.

“There is a huge scope for consolidation, given that there is very limited capital available. There are lot many opportunities available now. We have multiple options available, including fund raising and acquisition for future growth as our burn rate is very low,” said IndiaProperty-.com CEO Ganesh Vasudevan.

 

Related Articles

Related

Get Rid of parimatch roulette Once and For All

Parimatch Coupons And Offers There you can enter your email address and find out your account number. You can become a part of thier VIP program through invitation only. This allows you to combine multiple markets and create a single bet with unique odds. The app will...

read more

Top 9 porad z casino

Online Kasyno Bonusy bez Depozytu Kаsуnа z krupіеrеm nа żуwo ofеrują prаwdzіwą grę w Blаckjаck, rulеtkę, mаczugę і Bаccаrаt nа prаwdzіwе pіеnіądzе. Darmowe spiny to najpopularniejsza oferta jaką możesz znaleźć w kasynach online. Grafika starszych i nowszych gier...

read more

What to anticipate in Data Room Software program

Virtual data room applications are an online program which allows companies to securely shop and share confidential documents. Their functionality is particularly helpful in mergers and acquisitions, IPOs, disposals, and other transactions that want a research...

read more

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Share This