REA India FY24 results: Revenue up 31% at Rs 563 cr on strong demand
PropTech startup REA India, which owns Housing.com platform, clocked a revenue of Rs 563 crore, up 31 per cent in the last fiscal ended June, helped by strong demand of residential properties, its CEO Dhruv Agarwala said.
REA India, which is part of Australia's publicly listed firm REA, is a full-stack real estate technology firm and owns two online classified advertisement platforms Housing.com and Makaan.com, as well as housing brokerage firm PropTiger.
Commenting on the performance of last fiscal, Agarwala said the company's revenue grew 31 per cent to Rs 563 crore in 2023-24 fiscal (July-June), from Rs 430 crore in the preceding year.
He noted that the revenue of advertising platform Housing.com and property brokerage arm PropTiger increased by 25 per cent to 68 million australian dollar (AUD) from AUD 55 million.
Its revenue from adjacency products and services like movers & packers by 46 per cent to AUD 35 million from AUD 24 million.
Agarwala said the company's losses at ..
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