Investment Summary

Elevation Capital and News Corp Invest In PropTiger.com

On April 20, 2012, venture capital firm Elevation Capital and News Corp invested in internet software and services company PropTiger.com

Investment Highlights
  • This is Elevation Capital’s 3rd and News Corp’s 3rd transaction in the Internet Software and Services sector.
  • This is Elevation Capital’s 12th and News Corp’s 1st transaction in India.

Investment Summary

Date 2012-04-20
Target PropTiger.com
Sector Internet Software and Services
Investor(s) Elevation Capital
News Corp
Deal Type Venture

Target

PropTiger.com

Gurgaon, India
PropTiger.com is technology-enabled real estate marketing platform aimed at first time home buyers. For buyers, PropTiger offers end-to-end services starting from identifying apartment options, organizing site visits, budget and affordability analysis, helping with unit selection and filing of the application with the real estate developer to facilitating the cheapest housing loan. For property developers, PropTiger offers a range of services to sell their new residential apartments inventory during the initial launch. PropTiger.com was founded in 2011 and is based in Gurgaon, India.

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Investor(S) 2

Investor

Elevation Capital

Gurgaon, India

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 2002
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Elevation Capital is a private investment firm focused on growth capital investments in Indian companies. The Firm will consider opportunities at all growth-oriented stages. Sectors of interest include information technology, internet, mobile, consumer products, consumer services, healthcare, clean technolgy, education, agriculture, financial services, and manufacturing. Elevation Capital was formed in 2002 and is based in Gurgaon, India.


DEAL STATS #
Overall 14 of 17
Sector (Internet Software and Services) 3 of 3
Type (Venture) 5 of 5
Country (India) 12 of 15
Year (2012) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-15 Pennar

Hyderabad, India

Pennar is an engineering organization with diverse product offerings and multi-location presence. Pennar was incorporated in 1975 and is based in Hyderabad, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-13 Blue Star

Mumbai, India

Blue Star is a MEP (cooling, electrical, plumbing) contractor catering to commercial real estate, IT parks, industries and infra sectors such as airports, ports, metro rails and manufacturing establishments. Blue Star was founded in 1943 and is based in Mumbai, India.

Buy -
Investor

News Corp

New York, New York, United States

Category Company
Founded 2012
Sector Diversified
Employees25,000
Revenue 9.9B USD (2023)
DESCRIPTION

News Corp is a diversified international media and entertainment company with operations in eight industry segments: filmed entertainment; television; cable network programming; direct broadcast satellite television; magazines and inserts; newspapers; book publishing; and other. The activities of News Corporation are conducted principally in the United States, Continental Europe, the United Kingdom, Australia, Asia and the Pacific Basin. News Corp was formed in 2012 and is based in New York City.


DEAL STATS #
Overall 11 of 24
Sector (Internet Software and Services) 3 of 7
Type (Venture) 1 of 1
Country (India) 1 of 4
Year (2012) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-29 Myspace

Los Angeles, California, United States

Myspace is a social networking service with a focus on music. Myspace was formed in 2003 and is based in Beverly Hills, California.

Sell $35M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-19 Hulu

Santa Monica, California, United States

Hulu, LLC provides an online video service that offers a selection of hit shows, clips, movies, and more. The company’s platform allows users to watch various types of videos, including television shows, movies, documentaries, video games, and clips on Hulu.com and on other sites across the Web.

Sell -