About PropRates
PropRates is a Real Estate & Construction company based in Mumbai (India) founded in 2015, and was acquired by PropTiger in September 2016. Real estate transaction data is aggregated and accessed online. It operates in the Real Estate & Construction and Technology sectors. The company was acqui-hired. Its focus areas include Real Estate and Construction Tech, Real Estate IT, Transaction Management and Transactions Data as a Service. Its legal entity in India is Hexchanges Technologies Private Limited (U72200MH2016PTC272139). Its competitors include CRE Matrix, PropEquity and IndexTap; 1 of its 3 listed competitors has raised funding.
Company details
PropRates was founded in 2015 in Mumbai, India, as an online platform in the real estate sector. Current property prices and transaction details, including rent and purchase agreements, are compiled from industry sources. Searches for specific properties are facilitated by building names, locations, or pin codes, allowing access to recent deal information. Operations focus on data aggregation to support informed real estate inquiries.
- Headquarters Mumbai, India
- Stage Acquired
- SectorsReal Estate & ConstructionTechnology
- Website proprates.com
- Social X Facebook
- Acquired by PropTiger (Sep 2016)
- Legal Name Hexchanges Technologies Private Limited
- Date of Incorporation 16 Jan, 2016
- Jurisdiction Mumbai, Maharashtra, India
Associated legal entities of PropRates
PropRates operates through Hexchanges Technologies Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2017) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Hexchanges Technologies Private Limited CIN U72200MH2016PTC272139 | Strike Off | 16 Jan 2016 | Mumbai, Maharashtra | 2 | View details |
Investors in PropRates
PropRates has secured backing from 1 investor. Prominent investors backing the company include PropTiger.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
A platform for residential property buying is facilitated by PropTiger. | 2011 | proptiger.com | Gurugram, India |
Investor details for PropRates
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Board of directors of Hexchanges Technologies Private Limited (PropRates)
Hexchanges Technologies Private Limited is the primary company behind PropRates. The board of Hexchanges Technologies Private Limited currently have 2 directors; the longest-serving is Abhishek Ajit Malhotra, appointed in 2016.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Abhishek Ajit Malhotra DIN 05008249 | Director | 16 Jan 2016 | 10 yrs 9 mo | Hexchanges Technologies Private Limited |
| Rohan Dey DIN 07406646 | Director | 16 Jan 2016 | 10 yrs 9 mo | Hexchanges Technologies Private Limited |
Financials of PropRates
Figures of Hexchanges Technologies Private Limited, the primary company behind PropRates, for FY 2017. Net loss was -₹1.1 Lakh (0% margin). EBITDA was -₹1 Lakh (0% margin).
- -₹1.1 LakhNet loss · 0% margin
- -₹1 LakhEBITDA · 0% margin
- ₹1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Hexchanges Technologies Private Limited are on its company page.
Detailed financial statements for PropRates
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Timeline of PropRates
2 dated milestones of PropRates across 1 years, from founding to its latest funding, stage changes and deals.
- Founded PropRates is founded.
- Exit Acquired by PropTiger.
Competitors of PropRates
PropRates has 3 listed competitors in our database, 1 of them funded. They include CRE Matrix, PropEquity and IndexTap.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| crematrix.com | 2016 | Mumbai, India | $1.01M | 164 | An AI-powered real estate data analytics and market research platform | |
| propequity.in | 2007 | Gurugram, India | 156 | Cloud-based real estate data and analytics platform | ||
| indextap.com | 2021 | Mumbai, India | 167 | Online platform for real estate buying, renting, and listing in Mumbai and Pune. |
Detailed competitors of PropRates
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Top companies in Real Estate Technology Platforms
3 companies that operate in the same segment as PropRates (Real Estate Technology Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Online platform for buying, renting, and selling residential and commercial properties | 2012 | Gurugram, Haryana, India | USD 146.45 M | USD 86.54 M | 1,142 | |
A platform for residential property buying is facilitated by PropTiger. | 2011 | Gurugram, Haryana, India | USD 99 M |
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Related news about Proprates
Complete news archive for PropRates
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Frequently Asked Questions about PropRates
PropRates was founded in 2015.
PropRates is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
PropRates was founded in 2015 in Mumbai, India, as an online platform in the real estate sector. Current property prices and transaction details, including rent and purchase agreements, are compiled from industry sources. Searches for specific properties are facilitated by building names, locations, or pin codes, allowing access to recent deal information. Operations focus on data aggregation to support informed real estate inquiries.
PropRates's top competitors include CRE Matrix, PropEquity and IndexTap.
PropRates has 1 investor. Key investors include PropTiger.
PropRates operates through Hexchanges Technologies Private Limited.
Yes. PropRates was acquired by PropTiger in September 2016.
The legal entities of PropRates currently have 2 directors, including Abhishek Ajit Malhotra, Rohan Dey.