Aurum Ventures
Aurum Ventures is a real estate and venture capital investment company based out of Mumbai, Maharashtra. Aurum owns 35.04% stake in informational technology consultancy and software company Majesco Limited. In September 2021, Majesco Limited changed its name to Aurum PropTech Ltd. History. Ashish Deora, an alumnus of Harvard Business School and the CEO of Aurum Ventures, founded the company in Mumbai in April 1999. The company invests in both early- and growth-stage companies across sectors, such as telecom, automotive, aviation and renewable energy. Aurum Platz is the real estate arm of Aurum Ventures. In May 2018, Aurum  Ventures entered into a forward purchase agreement with the Singapore-based Ascendas-Singbridge Group and sold 1.4 million square foot (sq ft) office space for ₹930 crore (Singapore USD 170 million). In November 2021, Ascendas completed the acquisition of leased commercial tower spread over 0.62 million square foot for ₹353 crore, equivalent to SGD$64 million, in furtherance to the forward purchase agreement. The deal was among the biggest acquisitions of a standalone commercial tower by a global institutional investor in the past few years. Investments and acquisitions. In March 2021, Aurum Ventures acquired a 14.78% promoter stake in  Majesco India Limited, a software development company listed on the Bombay Stock Exchange () and National Stock Exchange (Symbol - AURUM), through its subsidiary Aurum Platz which also made an open offer to acquire up to 26 per cent in accordance with takeover regulations. In June 2021, Ashish Deora through Aurum became an anchor investor in Integrow. Integrow raised Rs 1000 crore realty fund that will concentrate on funding last-mile projects. In July 2021, the company acquired a Pune based software company K2V2 Technologies for ₹40 crores. In Oct 2021, Aurum bought a 49% stake in Integrow Asset Management Pvt . Ltd., a tech-led real estate asset management company, for ₹25 crore, to merge property technology and fintech. In December 2021, Aurum PropTech, a subsidiary of Aurum Ventures, made an investment of $5 million in rental management platform TheHouseMonk. In December 2021, Aurum PropTech announced an equity capital raising of up to ₹343.56 crore through a rights issue. The company issued 3 equity shares for every 2 shares. The rights issue was priced at ₹80 per share. Aurum confirmed that they will subscribe to all the unsubscribed rights shares in the issue. In February 2022, Aurum  PropTech announced that it has acquired 53% stake in co-living platform Grexter Housing Solutions for ₹27 crore. In March 2022, Aurum PropTech acquired 100% stake in Bangalore-based HelloWorld.