Sotheby’s Indian arm RealPro Realty raises $7m from BCCL, HNIs

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RealPro Realty Solutions Pvt. Ltd, an Indian arm of luxury real estate advisory services provider Sotheby’s International Realty, has raised $7 million from Brand Capital and some undisclosed high-net-worth individuals (HNIs).

“Post this capital infusion, we aim to open more offices, expand our team size and set up more India Desks in US, Singapore and Canada in order to achieve our long term business goals,” said Ashwin Chadha, president India SIR in a statement.

RealPro was co-founded by Amit Goyal, Ashwin Chadha and Ankit Tyagi. Goyal and Chadha are ex-private bankers and Tyagi is a real estate professional. The company provides marketing and other transaction advisory services to clients intending to buy or sell luxury real estate properties globally.

RealPro has a team of over 20 professionals from private banking. Sotheby’s International Realty has presence in over 70 countries having 880 offices.

“Sotheby’s is a brand that needs no introduction among the high net-worth community. Ultra-rich Indians are increasingly investing in residential real estate globally and Indian developers promoting their projects to NRI population. We aim to serve both, through our association with the world’s leading luxury real estate brand,” said Amit Goyal, CEO of India Sotheby’ International Realty.

PwC acted as the exclusive financial advisor to RealPro on this deal.

Brand Capital, the ad-for-equity investment arm of media house Bennett Coleman and Company Ltd, has backed real estate companies like Assetz Group, Arkade Group and Arihant Superstructures.

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.