Mumbai-based Aris Infra, a B2B platform in construction and infrastructure materials, has acquired a significant stake in Unitern Advisors, a Bengaluru-based e2e Real Estate solution provider in the Real estate industry.
The stake purchase has been a combination of Stock and Cash. According to the company’s statement, the acquisition aims to provide end-to-end operational solutions to all the stakeholders in the Real Estate Industry.
As part of the transaction, the new entity ArisUnitern will provide advisory services, working capital solutions, and access to construction materials at a single click in a seamless manner bringing the full power of Aris and Unitern on a combined platform, jointly aiming at a turnover of Rs 1500 crore in the next six months.
Founded in 2021 by Ronak Morbia and Bhavik Khara, Aris Infra said it is building an Infra-Tech platform to simplify construction for every stakeholder in the ecosystem. The B2B digital platform brings together cutting-edge technology innovation to simplify sourcing, innovations in managing a complex supply chain, and cost-effective techniques for managing logistics and credit.
The B2B startup is backed by marquee investors such as Think Investments LP and the Mankekar Family Office, besides leading angels like Ankur Thadani (Partner at TPG Growth & Rise Funds), Ramakant Sharma (Co-Founder of LivSpace), and Co-Founders of PharmEasy.
“We are thrilled to make Strategic Investments in Unitern Advisors as they are not only experts in the construction industry, but also understand the nuances of the South India market. With the strength of our platform and tie-ups across India with the top players; and Unitern’s ability to stitch in innovative and practical solutions to the RE industry; our combined platform will bring in seamless digital solutions to problems of this industry,” said Ronak Morbia, CEO & MD of Aris Infra.
Founded in 2020 by a group of real estate experts, Unitern Advisors is a Bengaluru-based firm that provides financial and operational solutions in the field of real estate. The startup focuses its activities on strategic consulting and investments.
Speaking on the association, Navin Dhanuka, CEO & MD of ArisUnitern, said, “This new Avatar is an important step in Unitern becoming a complete enterprise solution provider, with the might of Aris’ digital platform, within the Real Estate industry. We are thrilled to announce that all our services hereafter will be carried out under the ArisUnitern platform. Along with our existing services, we now offer Aris’ proprietary single window digital solution for Material sourcing and credit to our clients.”
Source @Indianstartupnews
