Tag: Real Estate

Airbnb pledges $10 million to New York charities

Airbnb this morning announced the launch of A Fair Share. The initiative promises to donate $10 million to seven organizations, including The New York Immigration Coalition, New York Mortgage Coalition, New York State Rural Housing Coalition Inc., Win, GMHC, CSNYC and Abyssinian Development Corporation. It’s not all just a goodwill

India’s budget hotel network OYO moves into wedding banquet services

OYO Rooms, the India-based budget hotel network that’s backed by SoftBank’s Vision fund, has prioritized expansion into China this year but that’s not all it’s up to. Back home in India, it just moved into the event hosting space through the acquisition of a wedding banquet company. Today, OYO said it has

Built World Technology Alliance Plans To Support Proptech Industry In India

Major names in the real estate sector including Robert Marten, Anuj Puri, Yash Gupta (Blue Sky Ventures), and Abhishek Goenka(Capital M-Menda Family Office) among others have taken up the onus to launch Built World Technology Alliance to work towards accelerating the digital transformation of India’s real estate sector. The alliance,

Zillow gets into the mortgage business, acquires Mortgage Lenders of America

Zillow, the publicly traded real estate portal and lead generation service, has acquired Mortgage Lenders of America. This is Zillow’s first move into originating mortgages. Until now, the company’s focus in this space was on providing home buyers with quotes from a variety of third-party lenders. The financial details of the transaction

Rentlogic lands millions to grade NYC real estate for renters and landlords

A company called Rentlogic has raised $2.4 million to take the guesswork out of determining whether that cheap, beautiful New York apartment is actually a deathtrap wrapped in a brownstone’s clothing. Renting in New York is murder already, but using Rentlogic, apartment hunters can figure out if their new housing situation could actually

With Plans To Go Overseas, Bengaluru Based AI Startup Racetrack.ai Raises $5 Mn Funding

Bengaluru-based AI startup Racetrack.ai has raised $5 Mn in a pre-Series A funding from a group of investors, including founding member of blockchain platform Biocoin Murali Krishnan  and US-based investor Angel Investor Dov Kagan. The startup will be utilising the fund to expand its operation to the US, Mauritius, and

Skyline AI raises $18M Series A for its machine learning-based real estate investment tech

Skyline AI founders Iri Amirav, Or Hiltch, Guy Zipori and Amir Leitersdorf A mere four months after coming out of stealth mode with $3 million in seed funding, real estate investment startup Skyline AI announced that it has raised an $18 million Series A. The round was led by Sequoia

WeWork is just one facet of SoftBank’s bet on real estate

This week WeWork announced that its Chinese subsidiary — WeWork China — raised an additional $500 million in capital in a deal led by SoftBank, Temasek Holdings and others. The deal reportedly values the Chinese branch of the shared workspace and real estate management company at $5 billion, up from $1 billion (post-money) in

Magicbricks Announces A Strong Growth Of 48% In Q1 FY19

Noida-based property solutions provider Magicbricks has announced a strong growth of 48% in Q1 FY19 revenues for its online operations, reaching $6.9 Mn (INR 47.5 Cr). The factors driving the revenue growth include product innovation, new revenue streams, and market buoyancy. MagicBricks: Growth So Far Sudhir Pai, CEO, Magicbricks believes