Aurum PropTech acquires MYRE Capital’s platform
Technology

Aurum PropTech acquires MYRE Capital’s platform

Aurum PropTech acquired MYRE Capital's assets and technology platform and launched Aurum WiseX, a digital distribution vertical for real estate investments. Aryaman Vir, former Founder and CEO of MYRE Capital, has been appointed as the CEO of Aurum WiseX.

The new platform will leverage technology to provide risk-adjusted institutional-grade investment products to its rapidly growing customer base.

"Setting up Aurum WiseX is a key step towards strengthening our Capital cluster under Aurum's flourishing PropTech ecosystem," said Ramashrya Yadav, Director of Aurum PropTech and Founder of Integrow Asset Management. We've always wanted to harness the power of technology in the real estate sector, and the investment space provides a great opportunity to do so. India has the world's fastest-growing economy. We believe there will be a surge in interest in real estate investing. The Aurum WiseX platforms and incoming team led by Aryaman Vir are poised to capitalize on this demand by leveraging technology." 

The first platform under Aurum WiseX will be 'YieldWiseX,' which will provide commercial real estate and lease rental discounting structured debt and other innovative frameworks to its customers. The existing MYRE Capital team, technology stack, customers, and partners will be migrated to the new vertical, Aurum WiseX, as planned. "We are delighted to begin our new journey with Aurum PropTech, and the strategic transaction marks a critical step towards scaling our vision and platforms," said Aryaman Vir, CEO of Aurum WiseX. This will be an excellent opportunity for both organizations to leverage their combined strengths and expertise. Our goal with 'Aurum WiseX' is to become a global leader in commercial real estate and alternative investments. We intend to offer high-yield investment opportunities through our tech-enabled platform, YieldWiseX, with a focus on value creation, innovation, and expansion." 

For more than Rs 61 crore, the company recently acquired Goldman Sachs-backed Nestaway's co-living subsidiary HelloWorld Technologies India and estate data analytics company CareerSocially.

Aurum PropTech acquired MYRE Capital's assets and technology platform and launched Aurum WiseX, a digital distribution vertical for real estate investments. Aryaman Vir, former Founder and CEO of MYRE Capital, has been appointed as the CEO of Aurum WiseX.The new platform will leverage technology to provide risk-adjusted institutional-grade investment products to its rapidly growing customer base.Setting up Aurum WiseX is a key step towards strengthening our Capital cluster under Aurum's flourishing PropTech ecosystem, said Ramashrya Yadav, Director of Aurum PropTech and Founder of Integrow Asset Management. We've always wanted to harness the power of technology in the real estate sector, and the investment space provides a great opportunity to do so. India has the world's fastest-growing economy. We believe there will be a surge in interest in real estate investing. The Aurum WiseX platforms and incoming team led by Aryaman Vir are poised to capitalize on this demand by leveraging technology. The first platform under Aurum WiseX will be 'YieldWiseX,' which will provide commercial real estate and lease rental discounting structured debt and other innovative frameworks to its customers. The existing MYRE Capital team, technology stack, customers, and partners will be migrated to the new vertical, Aurum WiseX, as planned. We are delighted to begin our new journey with Aurum PropTech, and the strategic transaction marks a critical step towards scaling our vision and platforms, said Aryaman Vir, CEO of Aurum WiseX. This will be an excellent opportunity for both organizations to leverage their combined strengths and expertise. Our goal with 'Aurum WiseX' is to become a global leader in commercial real estate and alternative investments. We intend to offer high-yield investment opportunities through our tech-enabled platform, YieldWiseX, with a focus on value creation, innovation, and expansion. For more than Rs 61 crore, the company recently acquired Goldman Sachs-backed Nestaway's co-living subsidiary HelloWorld Technologies India and estate data analytics company CareerSocially.

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?