NewsCorp takes bigger stake in PropTiger, after it acquires Housing

REA Group and Softbank make fresh investments of $55 million in PropTiger

NewsCorp-backed digital advertising firm for property, REA Group, has invested $50 million in PropTiger. The investment comes after PropTiger, which is NewsCorp's online real estate listing firm in India, acquired smaller rival Housing.com for an undisclosed sum. The new entity is valued at around $250 million, a person familiar with the development said.

PropTiger co-founder and Chief Executive Officer Dhruv Agarwala will take charge as the head of the combined entity, while Jason Kothari – the CEO of Housing, who was brought to fix the Rahul Yadav-founded company – will step down next month.

SoftBank – which became the biggest