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The Top 50 Real State & Infra Company- RANK 21, Ajmera Realty & Infra, Dhaval Ajmera, Director

Cover Story

Mumbai-based Ajmera Group is planning to invest up to $10 million in technology-based startups, with a focus on fintech and software-as-a-service (SaaS), as part of its expansion plan. It has already picked up stakes in three startups and plans to invest in another seven by the end of June 2019.
The Group will also consider acquisitions of such companies. Two years ago, it had backed BookMeIn, an online marketplace for services, besides investing in The Sports Gurukul, which runs sports programmes in schools and colleges, and ModuleX, a modular kitchen development startup.
The company has acquired 5.5 acres of land at Electronic City-2 through the company’s wholly owned subsidiary which has a potential to develop 5.5 lakh sq-ft, which may generate revenue of approx. Rs 300 crore in three years span.
It’s investing Rs₹1,400 crore in London and Bahrain to develop over 10 lakh sq-ft of residential and commercial space as part of its overseas diversification.

Two years ago, it had backed BookMeIn, an online marketplace for services, besides investing in The Sports Gurukul, which runs sports programmes in schools and colleges, and ModuleX.

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May 2020
11 May 2020