India

Indian brokerage expands overseas

Bangalore-based real estate brokerage and advisory portal Homz N Space announced its intention to expand its operations internationally to offer Indian property for sale to non-resident Indians. The firm plans to establish discovery centers in the U.S., Australia and Singapore in partnership with Indian building companies. According to co-founder Harish Achar Brahmavar, these centers will...

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Indian job site’s revenue up by 25%

Info Edge Ltd, the Indian parent company of recruitment and real estate Internet portals such as Naukri.com and 99acres.com, reported operating profitability (EBITDA margins) of more than 53 percent for the fourth quarter ending March 31, 2015. This is largely due to 25 percent last quarter growth by Naukri.com, the company’s recruitment classifieds portal, which boosted the margins of the...

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CarDekho.com records 152 million visits

CarDekho.com, the auto site of Girnar Software, recorded 152 million site visits in the financial year 2014/15, and growth of more than 50 percent year-on-year. These performance numbers confirm the used auto site as the No. 1 auto classifieds site and research company in India. In 2014 an aggressive marketing campaign saw daily visitor numbers double, thanks to strategic TV advertising and...

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Seek Limited invests $10 million in Babajob

Indian blue-collar job site Babajob.com announced this week it had raised a $10 million U.S. investment from Seek Limited (ASX:SEK), the world’s largest online employment marketplace. The funding will focus on developing mobile apps and improving Babajob’s telephony services such as ‘RapidHire’, which drives inbound phone calls from screened candidates to employers in minutes. The...

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PropTiger.com acquires rival Makaan.com

Elara Technologies Pte. Ltd., owner of the Indian online real estate platform PropTiger.com, has acquired rival Makaan.com. Owned by Makaan.com Private Limited, it is India’s largest online property listing and classifieds website. Terms of the transaction were not disclosed. In joining forces the two Indian online property giants offer Indian homebuyers the largest database of real estate...

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India site gets $28.1m from Singapore

SULEKHA — The granddaddy of online classifieds sites serving the global Indian community, has received a $28.1 million funding boost from Singapore’s sovereign wealth fund, GIC, and its original institutional investor, Norwest Venture Partners. Having started out as a Facebook-meets-Craigslist kind of site, connecting Indian communities overseas and back home through blogs, social...

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