Aurum PropTech Limited completed the acquisition of Nestaway Technologies Private Limited from Yuri Milner, Tiger Global Management, LLC, Rnt Associates Private Limited through UC-RNT Fund, Flipkart Online Services Pvt. Ltd., Goldman Sachs Securities Private Limited, Investment Arm and others.
June 28, 2023
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Aurum PropTech Limited (NSEI:AURUM) agreed to acquire Nestaway Technologies Private Limited from Yuri Milner, Tiger Global Management, LLC, Rnt Associates Private Limited through UC-RNT Fund, Flipkart Online Services Pvt. Ltd., Goldman Sachs (India) Securities Private Limited, Investment Arm and others for INR 900 million on June 1, 2023. For the year ending 2022, Nestaway reported revenues of INR 254.3 million. Post acquisition, Jitendra Jagadev will be Chief Executive Officer and Ismail Khan will lead NestAway as Chief Operating Officer. The transaction was approved at the Executive Investment Committee meeting of Aurum PropTech. The completion of the transaction is contingent upon the fulfilment of certain conditions and is expected to take place on or before June 30, 2023.
Aurum PropTech Limited (NSEI:AURUM) completed the acquisition of Nestaway Technologies Private Limited from Yuri Milner, Tiger Global Management, LLC, Rnt Associates Private Limited through UC-RNT Fund, Flipkart Online Services Pvt. Ltd., Goldman Sachs (India) Securities Private Limited, Investment Arm and others on June 28, 2023.
Aurum PropTech Limited is an India-based property technology (PropTech) company. The Company builds and operates PropTech products, services, and platforms catering to the intricacies of the business-to-business (B2B), business-to-consumer (B2C), business to business to consumer (B2B2C), and direct-to-consumer (D2C) real estate value chains. Its comprehensive suite of integrated ecosystems incorporates various technologies, such as artificial intelligence, machine learning, blockchain, augmented reality, and virtual reality. Its segments include Software as a Service (SAAS), Real Estate as a Service (RAAS) and Others. Its products include technology, capital and services. Its technologies include Sell.Do (customer relationship management), Nestaway (managed home rental), Aurum Analytica (data analytics), AurumLiv (transactions), TheHouseMonk (property management) and TheOfficeMonk (Commercial PMS). Its capital products include Integrow Asset Management, Aurum WiseX and Aurum KuberX.