Anarock Secures Around Rs 200 Cr From 360 ONE Asset
Summary
This investment will enable ANAROCK to enhance its tech infrastructure, accelerate its expansion, and introduce new innovationsANAROCK, an independent real estate consultancy, raised Rs 200 crore (USD 25 Mn) from 360 ONE Asset Management Limited (earlier known as IIFL Asset Management) (360 ONE Asset), an alternate asset managers and part of the 360 ONE group, a wealth and alternates-focused institution with more than USD 54 billion assets under management.This investment will enable ANAROCK to enhance its tech infrastructure, accelerate its expansion, and introduce new innovations to bolster its leadership position in the Indian real estate services space.Commenting on this partnership, Anuj Puri, Chairman - ANAROCK, said, We are delighted to have 360 ONE Asset as our first equity investor. This investment will go a considerable way in keeping ANAROCK at the forefront of the industry by fuelling further innovation and growth. The capital has been earmarked for faster business expansion and fine-tuning our proprietary Proptech platforms, which have proved to be game changers for our real estate marketing capabilities. In ANAROCK, we observe a top-class management team, premier marketing and advisory capabilities and a clear leader in Indias large and growing real estate services sector. We look forward to partnering with Anuj, Rohin and the entire ANAROCK team in the next phase of their exciting growth journey.