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PropTiger owner gets $35M in funding to expand business and build brand

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This technologies conglomerate is planning to use the new financing to grow its business by investing in brand building, product & technology, sales, and geographic expansion.

Singapore-based Elara Technologies, which owns Housing.comPropTiger.com, and Makaan.com, has secured $35 million debt financing from Citi Singapore.

This is the first debt financing for the company which has so far raised $105 million in equity financing.

The company plans to use the capital raised for business growth by investing in brand building, product & technology, sales force and geographic expansion. The group is looking to add 150 members to its sales and technology workforce taking the entire count to 1,500.

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