Square Yards Acquires Azuro To Enter Property Rental, Management Biz

Acquisitions

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Speaking to Inc42, cofounder and CTO of Square Yards Vivek Agarwal said that while the company was already into the aggregation of new home sales, other aspects such as rentals and property management were missing from the platform. It is a real estate aggregation and transaction platform which enables the complete lifecycle of owning and living in a home including research, due diligence, selling, financing and more. Founded in 2016 by IIT Bombay alumni Altaf Ahmad, Sushant Kumar, Sudhanshu Mishra, Ayush Agrawal and Vishal Chauthmal, Azuro offers rental property management solution. As one of the major factors which are driving acquisitions in today’s startup ecosystem is the technology leveraged by companies in their operations, which has also been the case with Square Yards acquiring Azuro. Moreover, after Azuro’s acquisition, Agarwal said that Square Yards is also exploring to take over other startups which offer allied services to real estate such as home furnishing.

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