Elara Technologies secures $35 million from Citi Singapore

Elara Technologies, a Singapore-based digital real estatemarketing and transactions services company has raised $35 million from Citi Singapore, a first for the Indian technology start-up sector. Wong Sin Ping, Global Subsidiaries Group Head of Citi Singapore said, “India's real estate sector is growing at a healthy pace on the back of strong overall market demand. This transaction demonstrates our confidence in Elara Technologies’ growth potential and the opportunity that we see in India’s digital real estate market over the next few years.” Elara Technologies operates and owns Housing.com, PropTiger.com, and Makaan.com,. It claims that the company is growing at a rate of more than 50% y-o-y and will use the fresh capital to accelerate business growth by investing in brand building, product & technology, sales force and geographic expansion.