Aurum PropTech Approves 100% Acquisition of PropTiger in Strategic Equity Swap

Aurum PropTech Limited has approved a binding agreement with REA India to invest in PropTiger’s business through an all-stock, strategic equity swap. REA India will be allotted 4,242,537 equity shares of Aurum through a preferential allotment, becoming a strategic shareholder. REA India will transfer control of PropTiger’s business, including its technology, teams, client relationships and intellectual property to Aurum. The acquisition marks a major step forward in Aurum’s vision to build a seamless, full-stack PropTech ecosystem, now strengthened by a 350+ member team specializing in residential primary sales brokerage. PropTiger recorded a 23% CAGR over FY22-FY24, with FY24 revenue at INR 955 million. Aurum has appointed Mr. Prakash Tejwani as the Chief Executive Officer and will elevate Mr. Sridhar Srinivasan as the Chief Business Officer at PropTiger over the next 12 to 18 months.