Online real estate brokerage PropTiger has appointed former Mobikwik executive Bikram Bir Singh as national sales head including the Gulf Cooperation Council (GCC) market.
Singh will be responsible for developing and implementing sales strategies, augmenting the company’s sales infrastructure and leading a countrywide team of sales personnel, the company said in an official statement.
He will also be heading the broker aggregation platform and the home loans vertical.
Singh will report to Mani Rangarajan, group chief operating officer.
PropTiger is part of Elara Technologies, which also owns property listing portal Housing.com, realty portal Makaan.com and home rental platform FastFox.com.
“We have brought Bikram on board to strengthen PropTiger.com’s leadership team and catalyse our next phase of growth. The Indian online real estate market is witnessing a turnaround after a long period of time and it is the ideal time for a growth leader like Bikram to join the team,” Rangarajan said.
Singh worked with Mobikwik as the business head for three verticals where he was leading strategic alliances across insurance, banking, cards network, telecom and utility services.
He has also worked with CRISIL and Citibank in the past.
Bikram holds a post graduate diploma in marketing from Institute for Technology & Management (Mumbai) and has a bachelor of commerce degree from Panjab University.
“As the sector goes through a transformational period, the company (PropTiger) is the best positioned in the industry to offer a differentiated consumer-centric experience to home buyers. It is an exciting time to join the company and I look forward to further strengthening our business and taking it to the next level,” Singh said.
Bhaskar Bagchi, chief business officer, PropTiger, had quit the firm to join online classifieds platform OLX India in July.
Bagchi led Proptiger's real estate transactions businesses in new homes (primary), resale and home loan transactions.
In January 2017, PropTiger.com and Housing.com merged in an all-stock deal. Incorporated in 2011, PropTiger counts Accel, Saif Partners and Horizon Ventures among its investors.
In its last known fundraising, Singapore-based Elara Technologies received a loan of $35 million from Citi Singapore in August last year.
Going by India Brand Equity Foundation, the country’s real estate market is set to touch $180 billion by 2020 with the housing sector alone accounting for 11% of the country’s GDP (gross domestic product).
PropTiger has consolidated its share in the real estate market, which has other players such as InfoEdge’s 99acres, Times Internet-owned MagicBricks and Quikr’s CommonFloor.
News Corp, which owns Mosaic Media Ventures, the company that publishes TechCircle, is an investor in PropTiger.