InfoEdge Invests An Additional Amount Of Rs. 5 crore In 99labels.com

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Last year we reported that InfoEdge made their second investment of $3.5 Million  in a fashion retail website 99labels.com. The investment was believed to increase the company’s international brand offerings.  It was also predicted with InfoEdge’s experience in the digital media it would help 99labels to grow its business. Later Info Edge reported  significant growth in their net sales...
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Nestoria’s Property Search Goes Live In India

Nestoria, a vertical search engine for property has revealed in a blog post that its India website – http://www.nestoria.in/ – has gone live. Nestoria is owned by Lokku Limited, a privately funded London based team that works with partners across EU, Australia, Brazil and now India. The Indian edition of the website was soft launched in December but officially went live some hours ago. On...
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iProperty.com Introduces Pay-For-Performance Model – Could It Backfire?

The real estate market has taken a huge beating in the past one year. The recession did not help and neither did the cluttered market both online and offline. As we had observed in a recent post on the subject, there is still no clear leader in the segment. Innovation and differentiation is key in this to growth.iProperty.com, one of the leading realty sites in India (formerly RealAcres.com) has...
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“Drop In Hiring.. Advertising Costs Cut But We Wont Be Laying Off People” – Sanjeev Bikhchandani – Infoedge (Naukri) CEO

We caught up with the man behind Indian Internet’s only BSE listed company Infoedge (naukri.com) and this is probably the first and only online video interview with him. He spoke on topics ranging from Slowdown and its impact on Naukri.com, On layoffs at Naukri, Q3 results, Business Model for Firstnaukri, Investment Strategy, Growth numbers for 99acres, Brijj and Jeevansathi and more. A must...
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Recap 2008: Online Property & Cars Space

In this recap we shall look at the other two key online classifieds segments besides for jobs and matrimony and they are property and cars. Both property and cars have been fairly nascent in their growth stage all throughout 2008. But they have also seen consolidation, investments and expansions as well. The major players in the online property scene are 99acres.com (Infoedge), Indiaproperty (ConsimInfo),...
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Interview with Hitesh Oberoi Infoedge (Naukri.com) COO On FirstNaukri Launch & Business Model, Job Market Slowdown & Future Strategy For Brijj

Divyansh Sharma our guest WATBlogger in Delhi who is covering the TIE Con Delhi met up with Hitesh Oberoi and interviewed him on the future strategy on Firstnaukri, which was announced as a part of naukri recently, brijj.com and the slowdown and its impact on naukri.com. Here is the interview:Q1) When do you plan on launching Firstnaukri.com and what will be the business model? A) We plan to launch...
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Asian Major iProperty.com Acquires RealAcres.com as Part of the Rs.18 Crore Asian Expansion Strategy

IPGA Limited which runs the iProperty.com group of property websites acquired Indian property major RealAcres (Horizon Infoventures) for a reported AUD 5 million (around 18.8 crores in Indian Rupees). The acquisition of RealAcres.com sees iProperty.com adds to its market-leading online property operations in Singapore, Malaysia, Hong Kong, Taiwan and the Philippines, and represents its latest in a...
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99acres.com Goes International.. Partners With US Centric SecondSpace.com

99acres and Secondspace are two real estate listings site in their respective markets i.e. India and US. Secondspace caters to the ever growing trend of second homes and leisure retreats in the western markets. The company’s other sites include ResortScape.com and LandWatch.com.   According to the release 99acres and Secondspace have entered into an agreement to share their respective database...
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99acres ties up with Properazzi – now offers International Property Listing

   99acres.com  a popular Indian property portal (by Info Edge) has tied-up with UK based Properazzi.com, part of Properazzi European  Group SL to provide and share content across both platforms. For all who are not aware, Properazzi.com is a property search engine (like 99acres) providing information of 4 million properties across 49 countries in 32 languages all over the world....
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Real Estate Shoot-Out: MagicBricks vs IndiaProperty vs 99acres vs Jaaydaad

This ones been due for a long time and finally I’m putting up the WATConsult – Real Estate Shoot-Out. Looking primarily at 99Acres.com, IndiaProperty.com and MagicBricks.com – but since People Interactive (Shaadi.com) have yet to launch 2bhk.com, we decided to include Jaaydaad.com (Not to too great an extent). So what’s with the whole Real Estate buzz? Let’s start with some figures – (Via) “The...
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