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EaseMyTrip's Pittie buys ₹99.34-crore property in Gurugram
Inshorts
·
1y ago
Medial
EaseMyTrip Co-founder Rikant Pittie has purchased a commercial property worth ₹99.34 crore in Gurugram's Sector 32, Moneycontrol reported, citing documents accessed by real estate data analytics firm CRE Matrix. The property covers nearly 43,600 square feet, has a built-up area of over one lakh square feet and is located near Gurugram's Rajiv Chowk. The property has ground-plus-two-floor layout.
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EaseMyTrip buys 4.94% stake in B2B travel platform
VCCircle
·
1y ago
Medial
Online travel aggregator EaseMyTrip has acquired a 4.94% stake in B2B travel tech platform E-Trav Tech Ltd for INR 33 crore ($4 million). The investment aims to strengthen EaseMyTrip's B2B segment offerings and cater to the needs of corporate clients. E-Trav offers APIs for flight, hotel, bus, and holiday package bookings. The company has been profitable and debt-free, with revenues increasing from INR 6.5 crore in FY21 to INR 35 crore in FY23. EaseMyTrip plans to expand its services in non-air segments and deliver enhanced services to corporate clients.
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Blackstone-backed ASK Property Fund deepens presence in Gurugram
VCCircle
·
6m ago
Medial
Blackstone-backed ASK Property Fund continues to expand in Gurugram, investing Rs 245 crore in a housing project by Satya Group. Located in Sector 104, Dwarka Expressway, the project spans 4.6 acres with a saleable area of 1.2 million square feet and is expected to generate Rs 1,600 crore in five years. This move aligns with ASK's strategy for post-approval investments. The Gurugram real estate market is experiencing significant growth, with housing prices surging by 160% in recent years.
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Landeed, Dream Aerospace get early-stage funding; Sanlayan buys Dexcel
VCCircle
·
6m ago
Medial
Landeed, a proptech startup, raised $5 million in a Series X funding round led by 10x Founders Fund, to enhance its AI capabilities. Founded in 2022, Landeed is a property title search platform. Dream Aerospace received Rs 3 crore from Inflection Point Ventures to develop its Atom Thruster propulsion system. Sanlayan Technologies acquired Dexcel Technologies for around $3 million, aiming to integrate expertise in RF technology with next-gen advancements in various systems.
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Air India leases seven floors of Gurugram building for annual rent of ₹24.05 crore
Livemint
·
1y ago
Medial
Air India has leased seven floors of office space in Gurugram for a period of five years. The lease agreement with Vatika One on One Pvt Ltd includes 1.80 lakh sq ft of office space, with a monthly rent of ₹1.89 crore. The leased property is located in Sector 16 of Gurugram and offers convenient connectivity to the airport. The deal also includes car parking spaces and a provision for a 15% rent increase after three years. Air India plans to expand its fleet and international operations in the coming months.
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Birla Estates buys land from Hindalco Industries for ₹537.42 crore in Mumbai | Mint
Livemint
·
11m ago
Medial
Birla Estates, a real estate venture of the Aditya Birla Group, has purchased a 24.5-acre land in Mumbai Metropolitan Region (MMR) from Hindalco Industries for INR 537.42 crore. The land is located in Kalwa along the Thane-Belapur Road. The purchase was made by Ekamaya Property Pvt Ltd, a wholly owned subsidiary of Birla Estates. The deal was finalized in September 2024 and included a stamp duty of INR 37.61 crore and a registration fee of INR 30,000. This comes after Birla Estates acquired 10 acres of leasehold land in Worli, Mumbai for INR 1,100 crore.
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Nuvama, Cushman and Wakefield’s fund buys Delhi office asset in maiden bet
VCCircle
·
2m ago
Medial
Prime Offices Fund, established by a joint venture between Cushman and Wakefield and Nuvama Asset Management, has made its first investment by purchasing a commercial asset in Delhi. The property was acquired from a consortium led by Kotak Alternate Asset. As of January, the fund had raised approximately Rs 1,700 crore from investors. This move marks a significant step for the fund, which focuses on commercial real estate investments.
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EaseMyTrip To Consider Bonus Issue Amid Slump In Share Price
Inc42
·
10m ago
Medial
- EaseMyTrip's board of directors to meet on Monday to discuss and approve the issuance of bonus shares. - This will be the third time the travel tech startup is issuing bonus shares, after having done so twice in 2022. - EaseMyTrip's share prices recently reached a 52-week low of INR 31.10 during intraday trading on October 7.
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EaseMyTrip cofounder launches AI venture studio to nurture startups across multiple sectors including logistics, fintech - The Economic Times
Economic Times
·
1m ago
Medial
Rikant Pittie, co-founder of EaseMyTrip, has launched an AI Venture Studio in India to support tech entrepreneurs across sectors like healthcare, fintech, and logistics. This initiative departs from traditional investment models, emphasizing collaboration and operational support over mere funding. Pittie aims to select 10 startups with global ambition, offering them expertise and infrastructure to bridge gaps in traditional funding and mentorship, thereby fostering innovation in India's startup ecosystem.
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Zomato CEO Deepinder Goyal buys luxury apartment at DLF Camellias for Rs 52 crore
IndianStartupNews
·
29d ago
Medial
Zomato CEO Deepinder Goyal has purchased a luxury apartment in DLF’s The Camellias in Gurugram for Rs 52.3 crore. The expansive 10,813-square-foot residence includes five parking spots and was bought directly from DLF Ltd. The Camellias is notable for its high prices and five-star hotel-like amenities, attracting elites such as Deep Kalra and Sameer Manchanda. Goyal's automobile collection features luxury models including a Lamborghini Huracan Sterrato and Aston Martin DB12.
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ASK Property Fund bags 2x returns from four-year old bet
VCCircle
·
1y ago
Medial
ASK Property Fund, the real estate investment arm of ASK Group, has achieved almost double the returns on a four-year-old investment in a plotted housing development. The investment included three assets in Gurugram and Bengaluru, and the private equity investor has now exited the portfolio. This successful exit demonstrates the strong performance of ASK Property Fund and its ability to generate profitable returns in the real estate sector.
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