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The Smart Techie was renamed Siliconindia India Edition starting Feb 2012 to continue the nearly two decade track record of excellence of our US edition.

May - 2012 - issue > Venture Beat

PropTiger nabs `26.3 Crore in second round of Funding

SI Team
Tuesday, May 1, 2012
SI Team
The real estate marketing services startup PropTiger Realty that runs the online platform PropTiger.com, has raised 26.3 Crore in the second round of funding led by Accel Partners and SAIF Partners. Prior to this, the company has raised a small round from HNIs and has not publicly shared details of that. Launched in 2011 by Dhruv Agarwala, Kartik Varma and Prashan Agarwal, PropTiger is an independent real estate advisor with a pan-India presence. It currently has 200 employees spread across eight cities in India.

Talking about the interest of the investing firm, Dhruv Agarwala, Co-Founder, PropTiger said, "VC interest in our company has been very strong. In our first year of existence, we have worked hard to achieve the operating metrics that we have hit and the VCs have been impressed with what we have been able to achieve within a short period of time and with the limited resources that a young start-up like ours has access to."

Headquartered in Noida, the company focuses on marketing new residential real estate developments, aimed at the mid-end of the market. PropTiger has in-house real estate experts, who initiate contact with customers and offer end-to-end services starting from identifying apartment options, organizing site visits, budget and affordability analysis. The company’s target is to reach 10,000 crores of gross value of property sold by 2016.

The company plans to continue to focus on providing an honest, reliable and transparent service to home buyers. In terms of activities, the company plans to improve its website and technology to provide a better online and post-sales experience. It will also increase the sale staff strength to go deeper in markets where it already has a presence.
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