Housing Raises INR 50 Cr From Parent Elara To Expand Business

Date posted: Tuesday 26 May 2020

In a fresh round of infusion, Gurugram-based proptech startup Housing is raising fresh funds from Singapore-based entity of its parent company Elara. According to the ministry of corporate affairs (MCA) filings, Housing is raising INR 50 Cr from Elara. As part of the deal, Housing is issuing 7,14,286 preference shares at a price of INR 670 per share with a nominal price of INR 30.

(Inc42)