Archive · 25 Jul 2025
Aurum PropTech Acquires PropTiger in Strategic Stock Swap
Imagine a company called Aurum that helps people with real estate.
They've decided to buy another company called PropTiger.
This is like when two friends decide to become partners in a game.
Aurum is giving shares of their company to the owners of PropTiger, instead of money.
PropTiger has a lot of experts and cool tech, like ways to help people find homes and sell them.
Aurum wants to use this to make their services better for everyone.
Aurum hopes it will create better tools and services, so both home buyers and sellers can have easier and better experiences.
This will lead to more efficient transactions and a stronger business overall.
Aurum PropTech approved a deal to acquire PropTiger through a stock swap with REA India.
REA India will become a strategic shareholder in Aurum by receiving equity shares.
Aurum will gain control of PropTiger's technology, teams, client relationships, and intellectual property.
PropTiger's revenue grew at a 23% CAGR from FY22-FY24, reaching INR 955 million in FY24.
The acquisition aims to strengthen Aurum's PropTech ecosystem and provide better services for all stakeholders.
- Who
- Aurum PropTech and REA India.
- What
- Aurum PropTech approved the acquisition of PropTiger.
- When
- July 25 (implied).
- Where
- Mumbai, India.
- Why
- To build a stronger PropTech ecosystem and provide better services.
Aurum's Perspective
REA India's Perspective
Goals
Aurum's Perspective
Aurum aims to digitize the real estate journey.
REA India's Perspective
REA India seeks to sharpen focus on Housing.com.
- Acquisition Type
- All-stock strategic equity swap
- Acquiring Company
- Aurum PropTech Limited
- Target Company
- PropTiger
- Seller
- REA India
- PropTiger's FY24 Revenue
- INR 955 million
- Aurum PropTech Stock Listing
- BSE and NSE
- Aurum Ventures CEO
- Ashish Deora