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Govt urges Cong

DMG Information leads Rs 19 crore

funding round in Propstack
By Biswarup Gooptu, ET Bureau | 3 Jun, 2015, 07.29AM IST

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READ MORE ON Tej Kapoor | Skymet | Propstack | iProf | DMG Information |

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NEW DELHI: Strategic investor DMG

Information, the investment subsidiary of
British media conglomerate Daily Mail &
Defence
E-Commerce
Slideshows
General Trust, has led a Rs 19 crore
round
of funding in Mumbai-based commercial
real estate information, analytics and
DMG Information, the investment subsidiary of British media
conglomerate Daily Mail & General Trust, has led
marketing startup Propstack.
a Rs 19 crore round of funding.

Samsung India creating

crorepati Koreans employees
Samsung India has about 116 employees
who are drawing more than Rs 1 crore in
annual remunerations, but 70 per cent of
them are Koreans.
Grant Thornton manpower may touch
10,000 by 2020: Vishesh Chandiok
Chennai floods left 50,000 jobless in
MSME sector: Kalraj Mishra

The series A round of investment, the first

for Propstack, will be used by the two yearET SPECIAL: Love visual aspect of news? Enjoy
this exclusive slideshows treat!
old venture to expand its presence across
the country as well as to launch its
upcoming product, a listings and marketing platform for real estate brokers and
Overdevelopers.
to PM Modi after N-sub
Bezos' Rs 200 gift offer faces
Paradise on E

plan with Russia flounders

brick & mortar attack

images from K

Senior officials said that plan to lease

Retailers Association of India has
The picturesque va
"We plan
enteringisseven
- Pune,
Bengaluru,
Delhi-NCR
Kolkata,
Yasen-class
attackonsubmarine
being new markets
complained
to govt
and accused
Amazon ofregion,
continues
to shiver
Hyderabad
andadvanced
Chennai,talks
as well
diversifying
productlaws
portfolio,"
saidtemperatures
Raja
reconsidered
after fairly
on as
violating
foreign our
investment
by offering
in the
Seetharaman, co-founder of Propstack.
the project.
gift vouchers.
several degrees be

India, Russia working on extensive

Flipkart is ready to set high focus on kids
Check out the 10
counter-terror cooperation pact
in the fashion segment
smartphones you
While the terms of the transaction were
not disclosed, the investors, which also
include
Make in India: Swedish Saab offers to
'More states expected to unveil retail
Google Nexus 5X
New
York-headquartered
data and analytics
company
make
Gripen
fighter jets
policies by
next year'Real Capital Analytics,atare
Rs 25,000: Wh

believed to have picked up a stake of between 15%-25% in the startup.

"Commercial real estate is the largest asset class after the residential sector. It is
estimated to grow at between 14%-15% CAGR by 2020, which is quite phenomenal. With
real estate investment trusts coming in as well, Propstack is well-placed to serve a rather
underserved market," said Tej Kapoor, country head for DMG India.
Founded in 2013 by former Jones Lang LaSalle executive Seetharaman, Shubhankar
Dongre and Sandeep Reddy, Propstack caters to corporate houses, funds, developers
and ratings agencies, among others by providing research on India's commercial real
estate sector and data relating property values, market conditions and current
availabilities.

"They have a priceless product, and an increasing number of customers are now willing
to pay for solid, reliable research," said Kapoor. The investment has been structured
through DMG Information Asia Pacific.
DMG India, which started investing actively in the country in 2013, counts companies
such as digital education venture iProf, digital advertising and technology event planning
company ad:tech and weather forecasting startup Skymet in its India portfolio.
The investor, which invests out of the DMGT balance sheet, typically enters at a mid-togrowth stage of a company, but has now started scouting for earlier stage opportunities.
"Our series A sweet spot is about $5 million, but we will write cheques of up to $100
million, depending on the opportunity. We aren't going to restrict ourselves," Kapoor said.
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