Founder Samir Jasuja buys back PropEquity from US hedge fund, eyes $100 million IPO in two years
27 Feb 2018
3 Min Read
Editorial Team
PropEquity鈥檚 founder Samir Jasuja has bought back the complete stake from its US based hedge fund investor and now completely owns PE Analytics, which owns PropEquity.
PropEquity is among India鈥檚 largest and profitable data and analytics platform in real estate and is almost identical to large US-based realty data and analytics companies.
The Gurgaon-based PropEquity currently focuses on residential data and analytics and caters to over 150 of the largest financial institutions, banks, private equity funds and developers.
鈥淧ropEquity is now at a crest to grow aggresively as we are planning to launch several new products. All our plans are directed towards a public offering in the next two to three years as we eye aggressive growth. Indian real estate including residential, commercial and retail is now getting more mature, transparent and is poised to grow in a sustainable way,鈥� Samir Jasuja, Founder and CEO, PropEquity, said.
It will be shortly launching the most comprehensive commercial and retail data and analytics platform covering over 70,000 lease transactions in top eight cities. It is targeting Rs 20 crore revenue from this vertical in the next two years.
PropEquity also has started building up it Collateral Risk Assesment vertical, which caters to top banks such as SBI, ICICI, HDFC and Axis bank.
It plans to hire over 100 employees in this vertical in the next two quarters and is looking to enhance its revenue to Rs 30 crore from this vertical.
The new and existing verticals will soon be incorporating artifical intelligence and machine learning tools including facial intelligence in retail and commerical buildings for the first time in India.
PropEquity is looking to raise between Rs 80-100 crore by IPO and can be
valued at PE multiples of 45-50 times.
PropEquity, which began its journey in 2008, has over 150 employees and has created a irreplaceable intellectual property in form of 10 years of rich data and cutting-edge analytics. It has pioneered in providing transparency in the most opaque unorganised real estate sector.
It is cash rich with over Rs 20 crore in the bank and is profitable because of its high stickiness with its annuity based institutional clientele.
PropEquity has also developed India鈥檚 most comprehensive real estate index. It has partnered with MCX to launch a tradeable price index. It has also built in building India鈥檚 housing start up index with RBI and the Ministry of Housing.
With the launch of some of the above verticals, and expansion of its current subscription model and CRM, it is eying a turnover of Rs 75 crore with an EBIDTA of over Rs 25 crore in the next two years.
With the current valuations, this should list the company anywhere between a US$ 100-200 million valuation.
PropEquity鈥檚 founder Samir Jasuja has bought back the complete stake from its US based hedge fund investor and now completely owns PE Analytics, which owns PropEquity.
PropEquity is among India鈥檚 largest and profitable data and analytics platform in real estate and is almost identical to large US-based realty data and analytics companies.
The Gurgaon-based PropEquity currently focuses on residential data and analytics and caters to over 150 of the largest financial institutions, banks, private equity funds and developers.
鈥淧ropEquity is now at a crest to grow aggresively as we are planning to launch several new products. All our plans are directed towards a public offering in the next two to three years as we eye aggressive growth. Indian real estate including residential, commercial and retail is now getting more mature, transparent and is poised to grow in a sustainable way,鈥� Samir Jasuja, Founder and CEO, PropEquity, said.
It will be shortly launching the most comprehensive commercial and retail data and analytics platform covering over 70,000 lease transactions in top eight cities. It is targeting Rs 20 crore revenue from this vertical in the next two years.
PropEquity also has started building up it Collateral Risk Assesment vertical, which caters to top banks such as SBI, ICICI, HDFC and Axis bank.
It plans to hire over 100 employees in this vertical in the next two quarters and is looking to enhance its revenue to Rs 30 crore from this vertical.
The new and existing verticals will soon be incorporating artifical intelligence and machine learning tools including facial intelligence in retail and commerical buildings for the first time in India.
PropEquity is looking to raise between Rs 80-100 crore by IPO and can be
valued at PE multiples of 45-50 times.
PropEquity, which began its journey in 2008, has over 150 employees and has created a irreplaceable intellectual property in form of 10 years of rich data and cutting-edge analytics. It has pioneered in providing transparency in the most opaque unorganised real estate sector.
It is cash rich with over Rs 20 crore in the bank and is profitable because of its high stickiness with its annuity based institutional clientele.
PropEquity has also developed India鈥檚 most comprehensive real estate index. It has partnered with MCX to launch a tradeable price index. It has also built in building India鈥檚 housing start up index with RBI and the Ministry of Housing.
With the launch of some of the above verticals, and expansion of its current subscription model and CRM, it is eying a turnover of Rs 75 crore with an EBIDTA of over Rs 25 crore in the next two years.
With the current valuations, this should list the company anywhere between a US$ 100-200 million valuation.
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