Propstack: Realty startup Propstack gets backing from top PE professionals

Commercial real estate intelligence provider Propstack Services Pvt Ltd has received backing from a clutch of private equity and hedge fund professionals. Propstack said in a statement that its new strategic investors include Kotak Investment Advisors managing director S Sriniwasan, KKR director Ashish Khandelia, Kotak Mahindra Bank's president-consumer banking Shanti Ekambaram, and US-based Rohatyn Group's managing director TS Sivashankar. All the investments are in a personal capacity. Mumbai-based Propstack was founded in 2013 by Raja Seetharaman. The five-year-old company provides corporates, funds, rating agencies, brokers, property owners and developers with information on commercial buildings. To be updated... [...]