Fella Homes co-Founders from left, Virender Pratap Singh, Amit Gupta, Digendra Singh Rathore, Yadwinder Paul Singh Image Credit: www.viralindiandiary.com Indian fully furnished homes rental service, Fella Homes has acquired competitor LifePad along with its network of homes and Noida-based team in an all cash deal. Currently operating out of Gurgaon only, Fella Homes aims to leverage from the acquisition to quickly expand its network of homes and establish a multi-city presence. The company says LifePad homes will be rebranded Fella Homes and will be managed under the same banner with customers gaining access to a larger network of homes to chose from.
DB Corp Chairman Ramesh C. Agarwal (left) and Non-Exective Director Girish Agarwal. Image Credit: www.thehindubusinessline.com The latest Indian real estate portal to launch in India, Homeonline.com will go live nationally on 1 August 2016 after a year long investment from publishing giant DB Corp. DB Corp, which made the announcement in its Q1FY17 quarterly report, says it has been nurturing the website in Raipur and Bhopal to keep its real estate segment ‘strong and protected.’ For the quarter ended June 2016 (Q1FY17) the company's internet segment revenues were Rs 23 crore ($US 3.4m) up by 6.5 per cent from Rs 21.5 crore in the same quarter last year.
Info Edge chief financial officer Chintan Thakkar Info-Edge India-owned real estate portal 99acres grew 16.5 per cent in the June quarter but also posted a loss of Rs 21 crore down 40 per cent from Rs 36 crore at the same time last year. Chief financial officer Chintan Thakkar says the environment in the real estate market remains tough but losses at 99acres were lower compared to last year due to lesser competition. The company also reported a 17.1 per cent growth for its recruitment solutions vertical Naukri.com and says this business commands a 75 per cent traffic share of the jobportals market and is continuing
A new Delhi-based platform IndianRealtyExchange (IRX) allows brokers to list their portfolio, capture leads and even earn a margin on their transactions all for free. See the story on Inc 42 IRX cofounder Vikram Dhawan, There are dozens of web and mobile platforms offering real estate solutions. But most focus on the volume business where end customers are the focal point. By taking up the role of a marketplace to create more value for their target audience, these portals often ignore the middle layer of agents, brokers and property consultants, . Vikram Dhawan, formerly a senior manager in a real estate firm, found an opportunity to fill this gap and launched IndianRealtyExchange (IRX), a
India's Business Standard reports troubled real estate platform Housing.com only has enough cash for a few more months, with CEO Jason Kothari back in the market looking for a new investment. The report says Housing.com currently spends Rs 10.05 crore but only brings in Rs 1.2-1.5 crore a month. According to the Business Standard Kothari has approached a few strategic investors looking to raise capital in a few months, but he nevertheless maintained the company is stable and not in "urgent need" as suggested by the online newspaper's sources. Contrary to the claim, developments at Housing.com over the last eight months suggest the company is
Quickr's home beauty service is growing 100 per cent a month. In a move which reflects its growth beyond listings, Indian online classifieds company Quikr has rebranded its home beauty business Salosa to AtHomeDiva and expanded its operations from Delhi and Gurgaon to Bengaluru. In a move which reflects its growth beyond listings, Indian online classifieds company Quikr has rebranded its home beauty business Salosa to AtHomeDiva and expanded its operations from Delhi and Gurgaon to Bengaluru. According to the head of QuikrServices PD Sundar, the number of beauty service requests received on Quikr has been growing 100 per cent every month. Quikr founder and chief executive
Modular home furnishing solutions provider, HomeLane.com, has acquired Doowup for an undisclosed amount. Under the deal terms, Doowup’s founding team will join HomeLane and its founder Vivek Seetharaman will be appointed as chief innovation officer. Bangalore-based Doowup was started last year with an aim to revolutionize retail consumer experience through its hyper-realistic, personalized home decor “Shop-the-Look” technology experience. Its disruptive IP and innovation in interactive 3D experience enables consumer to customize designer looks in context of their own homes. Consumers can interact with these experiences seamlessly across web, mobile and virtual reality mediums. This acquisition will boost HomeLane’s home decor
Buildtraders cofounder Ranjeet Gakhare Pune based rental property management startup Cozilla has been acquired by building materials trading company BuildTraders in an all-stock deal. The whole Cozilla team will be absorbed and its current rental property management operations in India will be phased out. BuildTraders was launched in April 2016 to remove the hassles associated with building a home for both individuals and builders in a highly fragmented and disorganised supplier market. Based in Bangalore, founders Ranjeet Gakhare and Ashwin Srivastava are still in the process of expanding online. They say BuildTraders is currently working to supply building materials and advice to construction projects based on the budget of builders
Awfis Founder Amit Ramani Veteran design management, business process improvement and facility planning expert Amit Ramani wants to build a shared-economy model for the real-estate industry in India. Ramani launched Awfis Space Solutions (Awfis), a co-working space booking platform last July with a seed investment of US$10 million. He says a year on, there are many shared office spaces available in the country. But SMEs and startups find it difficult to locate office spaces in real time with decent infrastructure at cost-effective rates. And he maintains the growing trend in other countries, where consumers utilise their space on a just-in-time and flexible basis, has not yet taken
REstate co founder Ashwin Srivastava UAE-based venture capital and private equity firm Idein Ventures has backed REstate, a startup a tech-based land bank which works with landowners and builders to fund building projects. Founded just one month ago, the company is currently based in Bangalore and Hyderabad. It says it will use the undisclosed sum to hire talent from local and global markets. REstate uses data analysis and market research to decide the appropriate construction on a land, associated with it and then finances mid sized builders, architects and designers to orchestrate the construction accordingly. It also uses its data and research to