Acqwire: Magicbricks Acquire Realty Analysis Platform Properji & Ola Corral Mobile Payments Platform Qarth

Magicbricks.com, reality portal, has acquired property analysis platform Properji.com for an undisclosed amount. Magicbricks will be coming up reports with more than 10,000 projects in six metros. The reports are aimed at easing the decision making process of the buyers.

Bangalore-based Properji started its operation in 2013, since then it has been working to provide detailed research reports to buyers. The company stands as the first acquisition of Magicbricks.

Magicbricks CEO Sudhir Pai said, “We have acquired Properji.com which does independent analysis of projects. This will help the consumer to make an informed property buying decision.”

He further stated given their reach and scale, they would be taking this platform to six metros including Bangalore. “We would like to prepare report for 10,000-15,000 projects, both completed and under-construction, having great demand.”

Ola Acquires Mobile Payments Platform Qarth

In recent news Ola, taxi aggregation app, has acquired Qarth, a startup that recently started mobile payments app X-Pay. Ola launched its mobile payments Ola Money last year in November and this acquisition seems to be in-line with their strategy. The terms of acquisition were not disclosed by the company.

This is third acquisition by Ola, Geotagg and TaxiForSure were the first two in the list. The company has raised $1.18 billion since its inception from 19 investors.

Anand Subramanian, Senior Director, Marketing Communications at Ola said, “With acquisitions like Qarth, we are investing in building seamless digital payment solutions. As we work towards our mission of building mobility for a billion people, we will continue to build for a best in class payment experience for our users.”

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