SAIF and Accel Lead Second Round of Funding for PropTiger (Asia)

Source: PropTiger

Private equity and venture capital firms SAIF Partners and Accel Partners have jointly invested in PropTiger Realty Private Limited, which runs, an Indian technology-enabled real estate marketing services platform. The deal is valued at INR250 million (approximately US$5 million). The company plans to use the new funding to further strengthen its position in the top eight Indian cities where it has operations and to increase head count to 500 real estate experts by mid-2013.