Singapore-based proptech company Elara Technologies has invested a total of INR 42.2 Cr in Housing and PropTiger, its two Indian subsidiaries.

Elara has invested a total of INR 26.3 Cr in two tranches in Housing.com, while the company has sent over INR 15.9 Cr in two tranches for PropTiger.

According to the ministry of corporate filings (MCA) accessed by Inc42, Housing has issued 3,77,511 shares to Elara as part of this transaction.

Founded in 2011, Elara is the parent company of proptech platforms Housing,com, PropTiger, and Makaan.

While PropTiger was developed by Elara, the company had acquired Makaan and Housing in May 2015 and January 2017 respectively. | To read full story, visit https://startuparound.com/read/1582947004.8084164/Elara-Infuses-INR-42.2-Cr-In-Proptech-Platforms-Housing-&-PropTiger?ref=audio_experience