News Corp invests Rs. 180 cr in realty portal PropTiger.

New-York based media and information services firm News Corp has invested $30 million (Rs. 180 crore) in real-estate marketing portal PropTiger.com, according to a press statement.

In addition to existing investors, SAIF Partners, Accel Partners and Horizen Ventures have also invested another $7million (Rs. 42 crore) in the company.

News Corp has a substantial presence in online real estate through its ownership of Move, Inc., operator of realtor.com and its majority stake in REA Group Limited, operator of the leading Australian residential property website, realestate.com.au.


HBL