PropTiger operates an online property marketing start-up. It targets first-time homebuyers offering real estate developers across India the ability to sell new residential apartments inventory during the initial launch. The company was founded in 2011 and is based in Gurgaon, India.
Expert Collections containing PropTiger
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
PropTiger is included in 1 Expert Collection, including Real Estate Tech.
Real Estate Tech
Startups in the space cover the residential and commercial real estate space. Categories include buying, selling and investing in real estate (iBuyers, marketplaces, investment/crowdfunding platforms), and property management, insurance, mortgage, construction, and more.
Latest PropTiger News
Sep 3, 2023
Technology PTI | New Delhi | Updated: 03-09-2023 13:41 IST | Created: 03-09-2023 13:41 IST Country: SHARE Proptech firm REA India -- owner of Housing.com and PropTiger -- said its revenue has increased 46 per cent to more than Rs 430 crore in the last fiscal year ended June on sharp rise in housing demand and increased adoption of technologies. The company had posted nearly Rs 300 crore revenue in the 2021-22 financial year (July-June). REA India, which is a subsidiary of Australia's REA Group, is a full-stack real estate technology firm and it owns three real estate portals -- Housing.com, PropTiger and Makaan.com. The bulk of the revenue came from Housing.com, one of the leading real estate classified portals in India. ''REA India Ltd's strong results demonstrates our commitment to innovation and a leading role within the market,'' REA India CEO Dhruv Agarwala told PTI. ''Our steady efforts to enhance the reach of Housing.com and Proptiger.com demonstrate a thoughtful strategy that keeps us at the cutting edge of industry trends,'' he added. Agarwala said the company has been focused on steady growth in areas such as audience, consumer experience, and brand presence. ''Our approach to revenue growth includes strengthening our presence in major markets and carefully extending into new cities to take advantage of emerging opportunities,'' he said. Agarwala said the company has also developed specialised depth products for developers and brokers, leading to a notable 25 per cent increase in its customer base. In May, Agarwala had informed that Housing.com has seen a four-fold jump in monthly traffic on its website to over 20 million compared to pre-COVID level on demand revival and fast adoption of digital tools in the realty sector. The growth in traffic in the past three years has also been attributed to investments made in branding, advertising and marketing activities. ''COVID has positively impacted people's attitudes towards home ownership and also towards using digital media and hence a large chunk of our stakeholders have come online,'' Agarwala said. In December 2020, Australia's REA Group acquired a controlling stake in Elara Technologies, which earlier owned these three portals, and renamed it as REA India. Housing.com, which was founded in 2012, is a proptech platform for homeowners/home seekers, landlords, developers, and real estate brokers. It offers listings for new homes, resale homes, rentals, plots, commercial spaces and co-living spaces in India. Founded in 2011, PropTiger.com is a housing brokerage firm. Makaan.com is an advertising platform. (This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) READ MORE ON:
PropTiger Frequently Asked Questions (FAQ)
When was PropTiger founded?
PropTiger was founded in 2011.
Where is PropTiger's headquarters?
PropTiger's headquarters is located at Plot No 25 Echelon Square, Gurgaon.
What is PropTiger's latest funding round?
PropTiger's latest funding round is Series A - II.
How much did PropTiger raise?
PropTiger raised a total of $62M.
Who are the investors of PropTiger?
Investors of PropTiger include Elara Technologies, SoftBank, REA Group, Elevation Capital, Horizen Ventures and 3 more.
Who are PropTiger's competitors?
Competitors of PropTiger include HDFC and 7 more.
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