B2B platform Aris Infra acquires majority stake in Bengaluru-based Unitern Advisors
Aris Infra, a B2B platform in construction and infrastructure materials based in Mumbai, has acquired a notable stake in Unitern Advisors, a e2e Real Estate solution provider in the Real estate industry based in Bangalore.
With the combination of stock and Cash the purchase was made. 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.
The B2B company 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.
Ronak Morbia, CEO & MD of Aris Infra, “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,”
As part of the deal, the new company ArisUnitern will seamlessly offer consulting
services, working capital solutions, and access to building materials by combining the strengths of Aris and Unitern on a platform together, with a goal of jointly aiming at a turnover of Rs 1500 crore in the next six months.
About Aris Infra
Founded by Ronak Morbia and Bhavik Khara in the year 2021. The startup is developing an infrastructure technology platform to make construction easier for all stakeholders in the ecosystem. The B2B digital platform combines cutting-edge technological advancements with cost-effective methods for managing logistics and credit to streamline sourcing and manage a complicated supply chain.
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