PropTiger co-founder Prashan Agarwal exits, company strengthens top team

Noida-based online property broker PropTiger, which is owned and operated by Singapore-based Elara Technologies Pte, said on Friday that co-founder Prashan Agarwal has quit the company to pursue other entrepreneurial opportunities.

"We acknowledge the contribution that Prashan has made to the company and we wish him the very best in his next endeavour," co-founder and chief executive officer Dhruv Agarwala, said.

An alumnus of ISB Hyderabad, Agarwal spent over four years with PropTiger. Before co-founding PropTiger, he created AllCheckDeals.com, a property deal site of Naukri.com. He was associated with Naukri.com as a vice-president from 2006 to 2011.

Meanwhile, PropTiger has strengthened its upper deck with three new additions. The company has roped in Sunil Mishra as chief business officer, Rohit Hasteer as chief human resource officer and Neeraj Chaturvedi as chief marketing officer.

In his new position, Mishra is expected to lead PropTiger's new homes business including business development, sales and collections. He was previously working as the CEO of Karvy Private Wealth, the wealth management business of the Karvy Group. Mishra has over two decades of experience with companies such as Bharti Airtel and Reliance Communications.

Hasteer will be responsible for talent acquisition and leadership development among other initiatives. He has over fifteen years of experience and has worked with companies such as MakeMyTrip in the past. In his last job he was director for people management at global supply chain solutions firm UTi Worldwide.

Chaturvedi will be responsible for building the company's brand and leveraging its new acquisitions. Prior to this, he headed the marketing team at the India Today Group and has previously worked at HT Media, Tata Global Beverages among others.

"These appointments will help us to consolidate our leadership position in the online real estate space and enable us to build on our strong track record of growth and execution," said PropTiger CEO Agarwala.

Founded in 2011 by Harvard Business School alumni Dhruv Agarwala and Kartik Varma along with Agarwal, PropTiger had raised VC funding from SAIF Partners, Accel Partners and Horizon Ventures. Global media, book publishing and digital real estate services company News Corp had acquired a 25 per cent stake in the parent company of PropTiger.com for $30 million in November 2014. In March, News Corp acquired the VCCircle Network, which operates this news website.

The company competes with the likes of Magicbricks, Housing.com, CommonFloor and 99acres. Last month, PropTiger had acquired Makaan.com.