Info Edge, the parent company of India’s leading real estate platform 99acres, has initiated a formal investigation following a whistle-blower complaint alleging violations of company policies by certain employees at 99acres. The company has engaged a law firm to conduct an independent and thorough inquiry into the matter, signaling its commitment to transparency and corporate…
If you thought office design was stuck in the past, think again. Flipspaces, a Mumbai-based startup, just secured a massive Rs 50 crore funding round — and they’re gearing up to completely change the way commercial interiors are built and experienced. With backing from industry giants like the Asiana Fund and Asian Paints promoter Jalaj Dani, this fresh capital injection could be the…
Blox Makes Strategic Move: Acquires 11% Stake in Guardians for $12 Million
In a significant move in the Indian proptech industry, Blox, a fast-growing startup backed by Kunal Shah, has acquired an 11% stake in Guardians, a leading real estate consulting firm, for $12 million. The acquisition is part of Blox’s ambitious plan to expand its operations and grow its presence in India’s competitive…
OYO’s parent company, Oravel Stays, is set to purchase G6 Hospitality, the owner of Motel 6 and Studio 6 brands, from Blackstone Inc. for $525 million in an all-cash deal.
This acquisition marks a significant step for OYO, which has been expanding its presence in the U.S. since launching there in 2019. Currently, OYO operates over 320 hotels across 35 states and added nearly 100 hotels to its…
Wells Fargo has agreed to sell its non-agency third-party Commercial Mortgage Servicing business to Trimont, marking a significant shift in the commercial real estate landscape. This deal will elevate Trimont to become the largest servicer of commercial real estate securitized debt in the United States.
Trimont, established in 1988 and primarily serving non-bank and alternative lenders, will…
Real estate developer Kalpataru has announced plans to raise up to ₹1,590 crore through an initial public offering (IPO). The funds will primarily be used to repay existing loans, with the remainder allocated for general corporate purposes. This IPO will be a fresh issue of shares.
The Mumbai-based company has a robust portfolio, having completed 70 projects across major cities such as Mumbai…
