Aurum PropTech Limited completed the acquisition of Nestaway Technologies Private Limited from Yuri Milner, Tiger Global Management, LLC, Rnt Associates Private Limited through UC-RNT Fund, Flipkart Online Services Pvt. Ltd., Goldman Sachs Securities Private Limited, Investment Arm and others.
June 29, 2023
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Aurum PropTech Limited (NSEI:AURUM) agreed to acquire Nestaway Technologies Private Limited from Yuri Milner, Tiger Global Management, LLC, Rnt Associates Private Limited through UC-RNT Fund, Flipkart Online Services Pvt. Ltd., Goldman Sachs (India) Securities Private Limited, Investment Arm and others for INR 900 million on June 1, 2023. For the year ending 2022, Nestaway reported revenues of INR 254.3 million. Post acquisition, Jitendra Jagadev will be Chief Executive Officer and Ismail Khan will lead NestAway as Chief Operating Officer. The transaction was approved at the Executive Investment Committee meeting of Aurum PropTech. The completion of the transaction is contingent upon the fulfilment of certain conditions and is expected to take place on or before June 30, 2023. The share purchase agreement has been executed on June 28, 2023. Ashwath Rau, Srinath Dasari, Nanditha Gopal and Aditya Singh Chandel of AZB & Partners acted as legal advisors to Tiger Global Management, LLC.
Aurum PropTech Limited (NSEI:AURUM) completed the acquisition of Nestaway Technologies Private Limited from Yuri Milner, Tiger Global Management, LLC, Rnt Associates Private Limited through UC-RNT Fund, Flipkart Online Services Pvt. Ltd., Goldman Sachs (India) Securities Private Limited, Investment Arm and others on June 30, 2023.
Aurum Proptech Limited is an India-based technology company. The Company is in the business of software development for real estate and other services relating to real estate. The Companyâs segments include Software as a Service (SaaS), Real Estate as a Service (RaaS) and others. The SAAS segment comprises activities where the Company derives from customers for the use of the IT products it owns. RAAS operations comprise activities where the Company derives from customers on the use of real estate-related services it provides. It creates and manages PropTech products, services and platforms across business-to-business (B2B), business-to-consumer (B2C), business-to-business-to-consumer (B2B2C), and direct-to-consumer (D2C) markets. Its products are distributed into four clusters, namely Invest & Finance, Enterprise Efficiency, Customer Experience, and Connected Living. All the products are automated through APIs and served through its integrated contact center capabilities.
AURUM PROPTECH LIMITED 
