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PropTiger.com sacks staff as part of company restructure

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Indian housing portal PropTiger.com, which recently merged with Housing.com has reportedly let go close to 200 employees as part of a restructuring exercise, reports ET.

Elara Technologies Pte, which now owns Housing.com, PropTiger.com and Makaan.com, has announced a strategic restructuring aligned with its long-term business objective to become India's largest full-service online-to-offline real estate platform.

The CEO of PropTiger.com CEO Dhruv Agarwala told PTI: "We have made a restructuring exercise to integrate the operations of the two companies."

When quizzed about the cut in staff numbers he said:"Our headcount has come down by about 200 people from overlapping support functions of the two organisations."

The combined entity will be led by Dhruv Agarwala as the chief executive officer and will be supported by a team of senior executives.

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