Tag: 99acres.com


Chintan Thakkar, CFO and executive director of Info Edge (photo from his LinkedIn page with thanks)

InfoEdge revenue, profit jump in FY2016/17

As one of the very few profitable pure-play internet companies in the country, Info Edge (India) Limited (NSE: NAUKRI) posted strong growth figures for the financial year to March 31, 2017. The company’s net sales (revenue) climbed 13.5 percent to Rs. 821 crore ($128.3 million U.S.) in FY2016/17 from FY2015/16; gross sales climbed 14 percent to Rs. 860 crore; operating EBITDA jumped 70 percent to Rs....

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Housing.com to merge with PropTiger in India

Housing.com to merge with PropTiger in India

PropTiger, an Indian real estate site, today announced a merger with Housing.com, India’s second largest real estate site by revenue. The combined company will receive an infusion of $55 million U.S. from its investors.


Housing.com, PropTiger to merge?

Housing.com, PropTiger to merge?

A merger is in the works for Housing.com, the troubled Indian site part-owned by Softbank, and PropTiger.com, part-owned by media and real estate advertising giant News Corp., BloombergQuint reported.



JLL India sets up investment arm for disrupting tech

Property consultancy JLL India announced the launch of an independent Real Estate Technology Investment vertical (Reti), to invest in start-ups developing disruptive technology solutions for the real estate sector. In the first 12 to 18 months Reti plans to invest in approximately 10 to 15 early-stage companies. The domains identified for investment are: + geographic information systems; + visualisation and augmented reality; + artificial intelligence; +...

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Naukri.com profits offset 99acres.com losses

Naukri.com profits offset 99acres.com losses

Holding company, Info Edge (India) Ltd. has reported flat earnings for the second quarter. Its realty portal, 99acres.com, has neutralized the profits from its job site, Naukri.com, reported VC Circle. Info Edge’s net profits rose slightly, Rs 33.9 crore ($5.2 million U.S.) for the July-September quarter from Rs. 33.2 crore last year, but earnings per share fell to Rs 2.82 from Rs 2.97. But the...

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Major layoffs set at Housing.com in India

Housing.com, the Indian real estate site that last month fired its co-founder / CEO, plans to lay off almost one quarter of its staff and eliminate a wide range of non-core businesses, the Times of India reported today. Housing.com has been in turmoil for months. Its CEO / founder quit, rejoined the company and then got fired. It currently employs 2,600; the Times of India...

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Info Edge’s real estate portal establishes big lead over peers

Info Edge’s real estate portal establishes big lead over peers

Info Edge (India)’s real estate portal, 99acres.com, has emerged as a market leader in the classified property space. According to Reston, Va.-based ComScore Inc., 99acres.com, is India’s No 1 property portal. The website has received a traffic share of 56 percent in January 2011. The Noida, Uttar Pradesh-based  Info Edge (India)’s real estate portal leads in ‘Total Page Views’ and ‘Time Spent’ on the site,...

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IProperty pulls ahead of competition in India

IProperty pulls ahead of competition in India

The Indian version of property portal IProperty – In.IProperty.com – pulled ahead of competing Indian real estate sites MagicBricks.com, 99acres.com, IndiaProperty.com, and Makaan.com. Based on data from Alexa, the company reported page views that were 50 percent higher than MagicBricks and 99acres, 3.5 times higher than Makaan, and five times greater than IndiaProperty. Time spent per user was also greater. IProperty ispart of the IProperty...

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