Elara secures USD 35 million fund from Singapore Co

The company, currently growing at a rate of more than 50 per cent y-o-y, will use the fresh capital to accelerate business growth by investing in brand building, product & technology, sales force and geographic expansion. With the infusion of additional capital, Elara Technologies is well positioned  to take the lead in the next cycle of growth in the digital real estate sector in India.

Elara has been working to create strong execution capabilities to offer a range of services to customers. Following the acquisition of Housing.com in 2017 by Elara Technologies, the company completed a restructuring exercise to ensure optimal utilization of resources. Dhruv Agarwala, Group CEO, Housing.com, PropTiger.com, and Makaan.com, said, “Our consistent high double-digit growth momentum and mode of financing reflect the strong fundamentals of our company.”