•  •  Dark Mode

Your Interests & Preferences

I am a...

law firm lawyer
in-house company lawyer
litigation lawyer
law student
aspiring student
other

Website Look & Feel

 •  •  Dark Mode
Blog Layout

Save preferences

Another Induslaw tech start-up, PropTiger, grows up with $30m injection from Rupert Murdoch’s News Corp, again opposite AZB

Induslaw advised Elara Technologies – the start-up that runs real estate portal PropTiger - on US media behemoth News Corp’s first investment in India with an infusion of $30m for picking up a 25 per cent stake in Elara. News Corp was advised by AZB & Partners.

Induslaw Bangalore partner Srinivas Katta and associates Priyanka Chandrashekhar and Anindiya Ghosh acted for Elara.

AZB Mumbai partner Shuva Mandal acted for News Corp.

Singapore firm Rajah & Tann also assisted Induslaw in a limited role, led by partner Teo Yi Jing and associate Benjamin Liew Associate.

Before foraying into the Indian realty segment News Corp owned a US online realtor Move and a majority stake in an Australian realtor REA, reported Tech Crunch.

Legally India yesterday reported the same pairing but different partners – Induslaw for the company and AZB for the investors – as having acted on two-year-old start-up Olacabs’ $200m investment by Softbank.

Induslaw partner Gaurav Dani yesterday explained to Legally India the firm’s strategy of targeting start-up clients while keeping the relationship going through various stages of investments.

Click to show 1 comment
at your own risk
(alt+c)
By reading the comments you agree that they are the (often anonymous) personal views and opinions of readers, which may be biased and unreliable, and for which Legally India therefore has no liability. If you believe a comment is inappropriate, please click 'Report to LI' below the comment and we will review it as soon as practicable.