iProperty Group Acquires Realacres; To Invest $470k on Working Capital


IPGA Ltd., which develops and operates real-estate portals across Asia, has picked up a controlling stake in Horizon Infoventures, owner of Indian property portal RealAcres.com. The acquisition has been routed through IPGA’s wholly-owned subsidiary, iProperty Group Asia Pte Ltd. IPGA plans to bring its print, exhibition and online luxury products to Indian market in partnership with RealAcres.com in due course. The management and the vendors of RealAcres.com have been retained and have entered into a minimum three year service agreements.

The details of the agreement are this: On the completion of the deal IPGA would own 60 per cent stake in the business of Horizon Infoventures, with an option to purchase the remaining 40 per cent based on future earnings. IPGA will invest around $0.47 million in working capital in four equal tranches into the business in return for 43 per cent stake of Horizon Infoventures in the first stage of the deal. In the next stage, IPGA will swap shares for a further 17 per cent stake, and the per share price would be determined on the basis of performance.

The deal marks the the entrance of of Australian Stock Exchange (ASX) listed IPGA Ltd entrance into the real estate classifieds market in India. Some of the real estate portals in India include Info Edge’s (BOM: 532777) 99acres, Times Group’s Magicbricks, Consim’s Indianproperty, among others. IPGA has web portals in Hong Kong, Singapore, Malaysia, Phillippines and Taiwan.

This story was provided by our content partner VCCircle



After a long time we see a good deal. There was almost a break on VC funding internet companies.
I think realacres got good partners or you can say IPGA got good company :)

Best wishes to realacres.com


Hmm seems like the action has started in the acquisition of dot coms. Just the other day i heard ,Idiscoverindia.com – a small online travel portal was approached by a media house for acquisition . If you look at it its a nice site with good content , but there is hardly any traffic , there is a hotel booking engine , but no air tickets or rail tickets like others…..still people are looking at such acquisitions just cause they are in the hot sector.
Seems like the big fishes have been waiting on the sidelines just to acquire these bleeding start ups. At the end , Travel, Real Estate and Jobs is where all action is in India.

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