Majesco to acquire 51% stake in Pune-based K2V2 for Rs 40 crore

IT consulting and services firm Majesco has acquired 51 per cent stake in Pune-based software technology firm K2V2 in a Rs 40-crore deal.

The Board of Majesco has approved this acquisition, as an inorganic step in its objective of building a Proptech Ecosystem. Real estate developer Aurum Ventures has acquired majority stake in Majesco earlier this year and pursuant to closure of Open Offer, control and management of Majesco is now with Aurum Group.

K2V2 provides Software as a Service (SaaS) products, services and Enterprise Software catering to the real estate industry and holds wide portfolio of PropTech, real estate brokerage and digital marketing product and services.