Have you ever wondered who is behind one of India’s leading online real Estate platforms, PropTiger? How did he start his journey as an entrepreneur and what are his achievements, challenges, and vision for the future? In this article, we will tell you everything you need to know about Proptiger and its founder, Prashan Agarwal.

The Founder’s Journey

Prashan Agarwal is the Co- founder and CEO of PropTiger, an independent real estate advisor that helps home buyers and sellers across India. He is a serial entrepreneur who has been involved in several ventures before launching PropTiger in 2011.

He started his career as a software engineer at Oracle in the US, where he worked for four years. He then moved to India and co-founded iTrust Financial Advisors, an online financial services platform, in 2007. He sold iTrust to Karvy Group in 2011 and decided to pursue his passion for real estate.

He realized that there was a huge gap in the Indian real estate market, where home buyers and sellers lacked reliable information, guidance, and support. He wanted to create a platform that would provide end-to-end assistance to customers throughout their property journey. He also wanted to leverage technology and data to make the process more transparent, convenient, and efficient.

That’s how PropTiger was born in 2011, with a vision to change the way India experiences property. Prashan Agarwal has been leading the company since then, with a focus on customer-centricity, innovation, and growth.

The Founder’s Achievements

Prashan Agarwal and PropTiger have achieved many milestones and accomplishments in the past decade. Some of them are:

• Raising $85M in total funding from investors like News Corp, SAIF Partners, Accel Partners, and others. News Corp, one of the world’s largest media companies, owns a majority stake in PropTiger since 2014.

• Acquiring four other companies in the real estate sector, such as Makaan.com, OoBI, 3DPhy, and Housing.com. These acquisitions have helped PropTiger expand its offerings and reach to customers and partners.

• Expanding its presence to over 25 cities across India and serving more than 15,000 customers. PropTiger has helped customers buy over 35,000 homes worth more than $3 billion.

• Winning several awards and recognitions, such as the Best Real Estate Portal of the Year by Franchise India, the Most Innovative Real Estate Portal by IAMAI, and the Best Online Real Estate Platform by CNBC Awaaz.

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The Founder’s Challenges

Prashan Agarwal and PropTiger have also faced or are facing some difficulties and obstacles in the competitive and dynamic real estate market in India. Some of them are:

• Dealing with regulatory changes and policy reforms that affect the real estate sector. For example, the implementation of RERA (Real Estate Regulation and Development Act) in 2016 brought more transparency and accountability to the industry, but also posed some challenges for developers and intermediaries.

• Maintaining customer trust and satisfaction in a complex and fragmented industry. The Indian real estate market is characterized by high heterogeneity, low standardization, and high information asymmetry. Customers often face issues such as delays, quality issues, frauds, disputes, etc.

• Innovating and adapting to the changing needs and preferences of home buyers and sellers. The COVID-19 pandemic has accelerated the digital transformation of the real estate sector, as customers demand more online services, such as virtual tours, digital payments, e-contracts, etc.

• Managing growth and scaling operations while maintaining quality and efficiency. As PropTiger grows its business and team size, it has to ensure that it delivers consistent value to its customers and partners across different markets and segments.

The Founder’s Vision

Prashan Agarwal and PropTiger have a clear vision and mission for the future of the company and the industry. They aim to:

• Change the way India experiences property by providing end-to-end assistance to home buyers and sellers. PropTiger offers a comprehensive range of services, such as property search, site visits, home loans, legal assistance, post-sales support, etc.

• Leverage data, design, technology, and passion to deliver value to customers and partners. PropTiger uses data analytics, artificial intelligence, machine learning, and other technologies to provide personalized recommendations, insights, and solutions to customers. It also uses design thinking, user experience, and user interface to create engaging and intuitive platforms for customers and partners.

• Become the first choice of consumers and partners in discovering, renting, buying, selling, financing a home. PropTiger has a strong network of over 500 developers and 12,000 channel partners across India. It also has a loyal customer base of over 2 million registered users and a high customer satisfaction rating of 4.8 out of 5.

• Digitally enable customers throughout their journey of finding their dream home. PropTiger has launched several digital initiatives, such as PropTiger Edge, PropTiger VR, PropTiger Home Fest, etc., to provide customers with a seamless and immersive online experience of property discovery and purchase.

We hope you enjoyed reading this article and learned more about PropTiger and its Co-founder, Prashan Agarwal. If you are looking for your dream home, you can visit PropTiger.com and get the best deals and offers from the comfort of your home. Happy home hunting!

The post PropTiger: Company Overview and Co- Founder Prashan Agarwal – A Comprehensive Guide first appeared on Spire Founders.