Bengaluru: Noida-headquartered real estate website PropTiger.com on Friday appointed three top executives as co-founder Prashan Agarwal quit the company.

Agarwal has decided to pursue other entrepreneurial opportunities, PropTiger said in a statement.

“We acknowledge the contribution that Prashan has made to the company and we wish him the very best in his next endeavour," co-founder and chief executive Dhruv Agarwala said.

The four-year-old company has hired the former chief executive officer of Karvy Wealth, Sunil Mishra, as chief business officer. Mishra played a key role in building the wealth management and real estate broking businesses of Karvy Group. He has also held key management positions in Bharti Airtel Ltd, Reliance Communications Ltd and KPMG.

Former MakeMyTrip executive Rohit Hasteer has been appointed chief human resources officer while the former marketing head at India Today group, Neeraj Chaturvedi, has been hired as chief marketing officer. Chaturvedi had earlier worked with HT Media Ltd, Tata Global Beverages Ltd, Tata Administrative Services, Bharti Airtel and Xerox.

“As we embark upon our next phase of growth, we need to have a strongly-defined alignment of roles and responsibilities that will help drive speed and intensity of execution," said Agarwala.

In November, Rupert Murdoch-led News Corp. acquired a 25% stake in Elara Technologies, the parent firm of PropTiger, for $30 million as part of a strategy to expand its presence in digital media. In April, the company acquired rival Makaan.com for an undisclosed amount.

PropTiger was launched in 2011 by Agarwala, Agarwal and Kartik Varma. Agarwala and Varma, both Harvard alumni, co-founded financial advisory firm iTrust Financial Advisors in 2006, which was acquired by the Karvy Group in February 2011. Agarwal, an Indian Institute of Technology and Indian School of Business alumnus, earlier launched Allcheckdeals, an online real estate brokerage business.

PropTiger raised an undisclosed amount from high-net-worth individuals before closing a series A round of $5 million from SAIF Partners and Accel Partners in February 2012. It is present in 12 cities and claims to have sold more than 10,000 homes worth more than $1 billion through its platform.

The company declined to comment on Agarwal’s stake in the company and whether he plans to sell it.

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