Showing posts with label com. Show all posts
Showing posts with label com. Show all posts
Friday, April 28, 2017
Reliance Capital to Sell 16 Percent Stake in Yatra com
Reliance Capital to Sell 16 Percent Stake in Yatra com
Reliance Capital is situated to sell its 16 per cent stake in online travel portal, Yatra for an expected amount of INR 500 crore in order to encash its minority investment. The organization had procured this stake for INR 40 crore in 2006. As per an ET report, the arrangement is relied upon to be shut in 4-6 weeks and puts the aggregate valuation of the Yatra.com at around INR 3,000 crore. Different investors in travel portal incorporate Norwest Venture Partners (30 per cent), TV-18 gathering (10 per cent), Intel Cap (7 per cent), Valliant Capital (10 per cent) and 6 percent owned by its management group.
Yatra.com is specifically contending with Makemytrip which is having a business estimation of USD 1.2 billion with an operating pay of USD 116 million for the year. While, Yatra.com remained at USD 50 million operating pay every year.
A month ago, SAIF Partners had sold off its 2.41 percent stake in Mumbai-based nearby search provider, Justdial for an aggregate sum of INR 254 crore.
It is intriguing how investors are getting along away with their holding in non-retail e-trade organizations, which are apparently gainful as against online retail. Appears as though they feel they have effectively earned as much as they could.
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Friday, March 17, 2017
Housing com plans to Acquires Real Estate Data Product PropEquity
Housing com plans to Acquires Real Estate Data Product PropEquity
According to a TechCircle (VCCircle) report, Housing.com offered around Rs 80 crore for the company which recorded revenues of Rs 13.7 crore in 2014 and misfortunes of Rs 70 lakh.
PropEquity was begun by founder and CEO Samir Jasuja, it is an online subscription based real home data and investigation stage covering more than 45,000 tasks of 8,200 designers crosswise over more than 40 cities in India. The firm includes pretty nearly 500 undertakings consistently. As of now, the company has more than 250 representatives.
Housing was propelled in 2012 by twelve of IITians including Advitiya Sharma. As of late, it had made a tie up with Tata Value Homes to offer homes online utilizing its website, further it dispatched another gimmick Slice View to give home purchasers an intelligent investigation of a venture before making a booking.
Till date, Housing.com has secured an aggregate subsidizing of over USD 121 million in 5 rounds of financing. In December 2014, the Japanese venture company SoftBank had affirmed driving a USD 90 million round, with investment from Falcon Edge Capital in Housing.com. As of now, it gives seeks in 45 cities with a vicinity in western and southern India.
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