Square Yards acquires Mumbai-based Azuro

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.

Source: https://realty.economictimes.indiatimes.com/news/allied-industries/square-yards-acquires-mumbai-based-azuro/73978671

February 06, 2020

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