A B2B marketplace Aris Infra buys majority stake in Bengaluru-based Unitern Advisors

Date:

The Mumbai-based Aris Infra, a B2B platform for infrastructure and construction materials, has bought significant shares of Unitern Advisors, a Bengaluru-based e2e Real Estate solution provider in the real estate sector.

The stake purchase is an amalgamation of Cash and Stock. According to the company’s announcement that the purchase is designed to offer end-to-end operational solutions to all participants of the Real Estate Industry.

As part of the deal that ArisUnitern will be forming, the new company ArisUniternwill provide advice services and working capital solutions as well as access to construction materials with a single click an effortless manner, bringing together the power that comes from Aris and Unitern to a common platform with a goal of the goal of generating a revenue of Rs 1500 crore over the coming six months.

Read more Spacetech start-up Skyroot Aerospace raises $51M in investment which is led by GIC

In 2021, the company was founded with the help of Ronak Morbia, and Bhavik Khara, Aris Infra has announced it is creating an Infra-Tech platform that can simplify the construction process for all stakeholders in the community. This B2B digital platform combines the latest technology to streamline the process of sourcing, as well as innovations in managing supply chains that are complex and cost-effective methods to manage credit and logistics.

LivSpace is a B2B startup is supported by prominent investors like Think Investments LP and the Mankekar Family Office, besides top angel investors like Ankur Thaddani (Partner of TPG Growth & Rise Funds), Ramakant Sharma (Co-Founder of LivSpace) as well as Co-Founders at PharmEasy.

“We are delighted to make Strategic Investments in Unitern Advisors because they are not just experts in the field of construction they also know the intricacies that are unique to the South India market. Thanks to the strengths of our platform as well as the tie-ups we have across India with the best players; and Unitern’s capacity to weave innovative and practical solutions for the RE industry, our platform will provide seamless digital solutions for the problems of this field,” said Ronak Morbia who is the CEO and director of Aris Infra.

In 2020, Unitern Advisors was founded by an association of real estate specialists, Unitern Advisors is a Bengaluru-based business that offers operational and financial solutions for real estate. The company’s focus is on investment and strategic consulting.

The association’s spokesperson, Navin Dhanuka the CEO and Director of ArisUnitern stated, “This new Avatar is an important step towards Unitern becoming a full enterprise solution provider, backed by the strength of Aris its digital platform in the real Estate sector. We are delighted to inform you that every one of of our services will now be provided through ArisUnitern. ArisUnitern platform. In addition to our current services, we are now offering Aris the ArisUnitern proprietary single-window digital solution to source materials and credit for our clients.”

Read more SUGAR Cosmetics raises undisclosed funding from Bollywood actor Ranveer Singh

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

ERP Modules: Types and Characteristics

Multiple options might be discovered while examining business management...

Agritech start-up Otipy is appointing Rohit Sood as its chief executive officer

Rohit Sood has been selected to be the chief...

Nykaa Q2: Profits up 333% year-over-year to the sum of Rs 5.2 crore Revenue up 39%

The second quarter in the fiscal year currently in...

Decentro is a fintech company has received $4.7M in the Series A round of capital

Funded by Y Combinator, a banking and payments API...