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Agni to invest $10mn in e- commerce
India’s first professional property broking company Agni property said it will invest $ 10 million in the financial year 2012.
Private equity firms like Helion Venture Capital and Foundation Capital have already invested $4 million and they will on the whole invest 10 million in the company to expand its operations in FY 2012 said Agni property Founder Samarjit Singh.
The funds will be used for furthering the firms and foray into e-commerce space and the Goldmine project.
He said: “Seeing the demand from the consumers, we are expanding very aggressively in India as our company is the first professionally managed realty brokerage firm we are now investing 10million to foray into new areas”. Agni property also announced the name change from Agni property to India Homes, Singh said that “the motive behind the name change is to stress on Pan India, besides this it is also more internet friendly name”.
India’s first professional property broking company Agni property said it will invest $ 10 million in the financial year 2012.
Private equity firms like Helion Venture Capital and Foundation Capital have already invested $4 million and they will on the whole invest 10 million in the company to expand its operations in FY 2012 said Agni property Founder Samarjit Singh.
The funds will be used for furthering the firms and foray into e-commerce space and the Goldmine project.
He said: “Seeing the demand from the consumers, we are expanding very aggressively in India as our company is the first professionally managed realty brokerage firm we are now investing 10million to foray into new areas”. Agni property also announced the name change from Agni property to India Homes, Singh said that “the motive behind the name change is to stress on Pan India, besides this it is also more internet friendly name”.
