Real estate portal NoBroker Tuesday announced that it has acquired society management platform Society Connect in an all cash deal. Separately, Titan Company has acquihired Hyderabad-based technology and wearables firm HUG Innovations.
NoBroker acquires Society Connect
As part of the acquisition, the founders and all the employees of Society Connect will join NoBroker’s visitor and community management app, NoBrokerHood, it said in a statement.
NoBrokerHood was launched in 2019 and is currently deployed by 1000 societies across Bangalore, Mumbai, Pune, Hyderabad, Chennai, and Delhi-NCR. On the other hand, Society Connect claims that over 500 societies are using its platform in Delhi-NCR and adjoining regions.
The acquisition will help NoBroker strengthen its hold in the visitor and community management space.
Titan acquihires HUG Innovations
The CEO and founder of HUG Innovation Raj Neravati, along with 23 team members had joined Titan in January. They will now be a part of Titan’s Development Centre in Hyderabad.
Concurrently, Titan also announced the launch of ‘Titan Connected X’, a full-touch smart watch with 13 features in the Indian market.