NEW DELHI: Square Yards has acquired Mumbai-based Azuro, a rentals and property management platform, the company said in a media release.
The entire team of Azuro including its co-founders, have joined Square Yards and will continue to operate under the larger umbrella with the same brand name.
Tanuj Shori, founder & CEO of Square Yards, said, "Both rentals & property management are multi-billion opportunities but currently under-served in India. We will look forward to scaling this business in India and further globally in countries like UAE, Canada & Australia.”
Azuro is backed by Kae Capital, Mumbai Angels, White Unicorn ventures, who will now join the cap-table of Square Yards after the acquisition.
February 06, 2020