IndiaTechDesk - India's Leading Tech and Startup Media Publication
  • Home
  • TOPICS
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Business
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Ecosystem & Lists
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Investments
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • enterprise
    • SaaS
  • Venture capital
  • Events
  • Lists
No Result
View All Result
  • Home
  • TOPICS
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Business
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Ecosystem & Lists
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Investments
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • enterprise
    • SaaS
  • Venture capital
  • Events
  • Lists
No Result
View All Result
IndiaTechDesk - India's Leading Tech and Startup Media Publication
No Result
View All Result
Home Indian Startups

Anarock Plans $100 Million Fundraise to Buy Proptech Firms to Boost its Business

IndiaTechDesk Editor by IndiaTechDesk Editor
November 15, 2021
in Indian Startups
56 2
0
Anarock Plans $100 Million Fundraise to Buy Proptech Firms to Boost its Business

Anarock acquired society and apartment management platform ApnaComplex from Bengaluru-based NestAway Technologies for around INR 100 crore.

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Homegrown housing brokerage startup Anarock plans to raise around $100 million (around Rs 750 crore) as equity to acquire proptech startups and expand the business, a top company official said.

Mumbai-based Anarock, which is one of the leading property consultants in the country, had posted an 18 per cent growth in its revenue at around INR 305 crore during the 2020-21 financial year despite the pandemic.

The company is targeting to increase its turnover to around INR 400-450 crore this fiscal.

“We are looking to raise around USD 100 million as equity. There are many opportunities in the market for the acquisition of proptech firms. We want to acquire some of those companies, which fit in our growth strategies,” said Anarock Chairman Anuj Puri.

The company has started preliminary discussions with potential investors, he said, adding that it would take at least six months for the completion of fundraising.

Puri formed Anarock in April 2017 after serving as chairman and country head for 10 years in a global property consultancy firm.

In January this year, Anarock acquired society and apartment management platform ApnaComplex from Bengaluru-based NestAway Technologies for around INR 100 crore.

Recently, Anarock had informed that the company sold residential properties worth INR 8,084 crore on behalf of developers during the April-September period this fiscal, up 82 per cent year-on-year, on a revival of demand, especially in Mumbai Metropolitan Region (MMR).

It had sold properties worth INR 4,446 crore in the April-September period of the last fiscal.

The company sold around 9,000 units during the first half of this fiscal. The average ticket size of units sold was at INR 90 lakh across the 13 cities of operation.

The Mumbai Metropolitan Region (MMR) alone contributed almost INR 5,000 crore of sales value within the first half of this financial year, followed by Delhi-NCR amounting to INR 832 crore sales and Bengaluru at INR 657 crore.

About Anarock

Anarock has a presence across India and the Middle East.

Its services include residential broking and technology, retail (in partnership with Vindico), commercial, investment Banking, hospitality (in partnership with HVS), land services, industrial and logistics (in partnership with Binswanger), investment management, flexible workspaces (in partnership with Upflex), research, strategic advisory & valuations and project management services (in partnership with Mace).

Anarock, which has a team of over 1,800 real estate professionals, has not yet entered into the leasing of office space.

Tags: Covid-19fundingindian startup
IndiaTechDesk Editor

IndiaTechDesk Editor

IndiaTechDesk is part of beSUCCESS Media group, focusing on Indian startup and tech news, trends and analysis. Write to us at press@indiatechdesk.com.

Related Posts

Facets.cloud secures seed funding
Indian Startups

Facets.cloud, raises $4 Million in Seed Funding to Aid Developer Productivity in Cloud Deployment

August 31, 2023
Technical Textiles Startups, India
Indian Startups

Indian Government will Provide 50 Lakh under Grant Program to Boost Technical Textiles Startups

August 30, 2023
Startup Funding Crisis
Indian Startups

Funding Winter Forces Indian Startups to LayOff Thousands Amid Economic Downturn

July 31, 2023
Wiom Raises $17 Million in Series A Round to Democratize Affordable Internet Access in India
Indian Startups

Wiom Raises $17 Million in Series A Round to Democratize Affordable Internet Access in India

July 27, 2023
India’s Top 10 Future Unicorn Startups, the Rising Stars of Innovation and Growth
Indian Startups

India’s Top 10 Future Unicorn Startups, the Rising Stars of Innovation and Growth

July 26, 2023
From Frost to Fortune, How these 3 Indian Startups are Defying the Funding Winter
Indian Startups

From Frost to Fortune, How these 3 Indian Startups are Defying the Funding Winter

July 25, 2023
No Result
View All Result

Trending Posts

  • Kale Logistics Secures $30 Million in Series B Funding Led by Creaegis
    Kale Logistics Secures $30 Million in Series B Funding Led by Creaegis
    by Kyung-sooSeptember 12, 2023
  • 5 Steps to Secure Capital From VC Firms in India
    5 Steps to Secure Capital From VC Firms in India
    by IndiaTechDesk EditorJanuary 28, 2020
  • 5 Most Recent Startup Failures in India
    5 Most Recent Startup Failures in India
    by IndiaTechDesk EditorJanuary 24, 2020
  • 6 Active Angel Investors in India For 2020
    6 Active Angel Investors in India For 2020
    by IndiaTechDesk EditorJanuary 22, 2020
  • Top 5 Low-cost High-profit Business Ideas in India for 2020
    Top 5 Low-cost High-profit Business Ideas in India for 2020
    by IndiaTechDesk EditorJanuary 21, 2020
  • 6 Startup Laws in India You Should Consider To Get Started
    6 Startup Laws in India You Should Consider To Get Started
    by IndiaTechDesk EditorJanuary 20, 2020
  • Top 5 Startup Programs by the Indian Government
    Top 5 Startup Programs by the Indian Government
    by IndiaTechDesk EditorJanuary 17, 2020
  • Top 5 Startup Predictions for India in 2020
    Top 5 Startup Predictions for India in 2020
    by IndiaTechDesk EditorJanuary 15, 2020
  • 5 Biggest Indian Startup Acquisitions of 2019
    5 Biggest Indian Startup Acquisitions of 2019
    by IndiaTechDesk EditorJanuary 14, 2020
  • 5 Best-Kept Secrets of Amazon’s Incredible Success in India
    5 Best-Kept Secrets of Amazon’s Incredible Success in India
    by IndiaTechDesk EditorJanuary 12, 2020




Products

Apple 20W USB-C Power Adapter

Apple MagSafe Battery Pack

Apple AirPods Pro (2nd Generation) Wireless Earbuds

Apple Lightning to USB Cable

ABOUT US

IndiaTechDesk is obsessed with the Indian startup ecosystem, offering intelligent, engaging coverage of the innovations, emerging startups, and entrepreneurship in India.....read more

Follow Us

FREE NEWSLETTER

 

Categories
  • Accelerator
  • Agriculture
  • AI & Big Data
  • AR & VR
  • Bitcoin
  • Blockchain
  • Business
  • Clean Technology
  • Competitions
  • Content & Games
  • Coronavirus
  • Cryptocurrency
  • Cybersecurity
  • E-commerce
  • Ecosystem & Lists
  • Education
  • enterprise
  • Enterprise & SaaS
  • entertainment
  • Events
  • featured
  • FinTech
  • Gadgets & Electronics
  • Gaming
  • Guide
  • Health & Bio
  • Incubator
  • Indian Startups
  • Indian Women
  • Insurance
  • Interviews
  • Investments
  • IoT
  • Manufacturing
  • Market
  • Marketplaces & E-commerce
  • Regulation
  • Robotics
  • SaaS
  • Space Startup
  • Transportation & Logistics
  • Travel
  • Uncategorized
  • Venture capital
  • “Contact: press@indiatechdesk.com”
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
  • About Us

Copyright © 2023 indiatechdesk.com

No Result
View All Result
  • Home
  • TOPICS
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Business
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Ecosystem & Lists
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Investments
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • enterprise
    • SaaS
  • Venture capital
  • Events
  • Lists

Copyright © 2023 indiatechdesk.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In