M&A
Blox acquires realty sales & marketing co Plinthstone REMA for $1.5 M
Real estate buying platform Blox has acquired fellow Mumbai-based property sales and marketing company Plinthstone REMA for USD 1.5 million (INR 11.6 crore). Plinthstone was founded in January 2021 as a multi-speciality realty advisory company. It has executed four mandates with over INR 200 crore sales volume. Blox serves over 300 developers listed on its platform, and actively services around 700 projects in Mumbai and Thane. Backed by Tinder founder Justin Mateen and other silicon-valley investors, Blox allows home buyers to browse verified inventory, directly listed by developers on the platform.
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