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Venture Capital | 20 April 2012

SAIF, Accel Partners Invests R25Cr In PropTiger

by Charmi Gutka
SAIF, Accel Partners Invests R25Cr In PropTiger
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Saif Partners along with Accel Partners have invested R25Cr in PropTiger, an online property marketing start-up targeting first-time homebuyers.

Post funding, Ravi Adusumalli of SAIF and Prashanth Prakash of Accel have joined PropTiger’s Board.

The funds raised will be used to further strengthen PropTiger’s position in India’s top 8 cities where it operates and increasing head count to 500 real estate experts by mid-2013.

PropTiger Realty Private Limited was founded in Feb 2011 by Dhruv Agarwala, Kartik Varma and Prashan Agarwal.

Dhruv And Karthik earlier founded iTrust Financial Advisors Pvt Ltd, which was acquired by Karvy Private Wealth in 2011. iTrust offers services like financial planning and filing of income tax returns and also runs personal finance portal - iTrust.in.

IAN Invests In Wedding Planner - MyShaadi.in

IAN Invests In Wedding Planner - MyShaadi.in

Myshaadi.in, a wedding planning portal has raised first round of funding from Indian Angel Network. The investors include Rajan Anandnan, Sunil Kalra, Ashim Mehra and Rehan Yar Khan.


Myntra acquires Jabong for $70 million

Myntra acquires Jabong for $70 million

Myntra, part of the Flipkart Online Services Pvt Ltd, has acquired the online fashion platform Jabong from the Global Fashion Group. The $70 million deal will see the creation of one of the biggest online fashion platforms in India. The combined online retailers will have the distinction of becoming the largest e-commerce marketplace in the country.

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