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July 30, 2015 10:25 PM ET

Internet Software and Services

Company Overview of India Property Online Pvt. Ltd.

Company Overview

India Property Online Pvt. Ltd. operates an online portal for real estate agents. The company provides information on buying, selling, and renting out properties in India. It facilitates to find new properties, search city wise new property listings, and connect with builders and real estate agents. The company also offers property related news and updates about the real estate business and latest market trends. India Property Online Pvt. Ltd. was incorporated in 2012 and is based in Chennai, India.

94, TVH Beliciaa Towers

Tower II, 9th Floor

MRC Nagar

Mandaveli

Chennai,  600028

India

Founded in 2012

Phone:

18 00 3000 5511

Key Executives for India Property Online Pvt. Ltd.

Chief Operating Officer
Compensation as of Fiscal Year 2015.

India Property Online Pvt. Ltd. Key Developments

Investors Seeks Acquisitions

Magicbricks.com, India Property Online Pvt. Ltd., Locon Solutions Pvt. Ltd. (Housing.com) and Quikr India Private Limited are on the prowl for acquiring other online real estate sites.

India Property Online Seeks Financing

India Property Online Pvt. Ltd. is seeking financing. India Property is in advanced stages of talks to raise $50 million in Series C funding from new and existing investors. "The fresh funding will be used in brand building; to increase the company's physical presence to 100 cities from 60 pan-India and to increase its headcount to 1,600 people from 1,100," said Ganesh Vasudevan, Chief Executive Officer of India Property.

India Property Denies Being In Sale; Commonfloor Denies Being In Talks

India Property Online Pvt. Ltd. is known to have appointed Moelis & Company to raise as much as $50 million and is also exploring other strategic options. Ganesh Vasudevan, Chief Executive Officer of the denied that it is up for sale and stated that the company is raising $50 million for expansion. “India Property is in the market for fundraising. But it may even opt for outright sale,” said a source in the online real estate industry. A well-placed source has said that CommonFloor (maxHeap Technologies Pvt. Ltd.) and PropTiger Realty Pvt Ltd were sounded out interest for a strategic style deal. PropTiger’s Chief Executive Officer Dhruv Agarwala denied having had talks with India Property or its representatives. The sources also stated that Quikr India Private Limited could also take part in the deal. Manish Kumar Sinha, Executive Vice President of Quikr denied being in talks with India Property for a potential acquisition.

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To contact India Property Online Pvt. Ltd., please visit www.indiaproperty.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

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