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Exclusive: Why Times Internet wouldn’t be raising $100 mn for Magicbricks

Thursday, October 27, 2016 | More »

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Times Internet Ltd (TIL), the digital business arm of media conglomerate Bennett Coleman, and Co. Ltd (BCCL) that runs several market-leading newspapers as well TV news channels, has scrapped its plans to raise $100 million from external sources for its realty portal MagicBricks. TIL CEO Gautam Sin...

IndiaHomes

Exclusive: IndiaHomes defunct; founder resigns; efforts afoot to avoid legal action

Online realty platform IndiaHomes.com is defunct even as efforts are afoot to keep the legal entity alive, in order to recover close to Rs 100 crore owed to it by home builders and also to avoid any legal action from entities to whom it owes around Rs 40 crore. Amid a spate of resignations at [&hell...

11 April, 2016 | More »

IndiaHomes

Real estate broking portal IndiaHomes raises $24.9M from New Enterprise Associates, others

Gurgaon-based India World Technologies Pvt Ltd, the company that owns and operates the real estate broking portal IndiaHomes.com has raised Rs 150 crore ($24.9 million) from New Enterprise Associates (NEA). Existing investors Helion Venture Partners and Foundation Capital also participated in the ro...

17 April, 2014 | More »

VC-backed IndiaHomes Raises $4M; Eyes Another $6M Funding

Delhi-based IndiaHomes (formerly Agni Property Services Pvt Ltd), a property services company, has raised $4 million from Helion Venture Capital and Foundation Capital. The firm is seeking to raise another $6 million in the coming fiscal. IndiaHomes will utilise the capital to make foray into the e-...

3 February, 2012 | More »