| | SEPTEMBER 20228Aris Infra was co-founded by Ronak Morbia & Bhavik Khara in Mumbai in early 2021. It is building an infra-tech platform to simplify construction for stakeholders in the ecosystem. Aris Infra, a Mumbai-based business-to-business (B2B) platform in construction and infrastructure materials, said it has acquired a majority stake in Unitern Advisors, a Bangalore-based end-to-end real estate solution provider. The acquisition at enterprise valuation of $13 million was funded by a combination of stock & cash.The new entity, Aris Unitern, will provide advisory services, working capital solutions, and access to construction materials at a single click in a seamless manner bringing the full on a combined platform. "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 real estate industry, our combined platform will bring in seamless digital solutions to problems of this industry", said Ronak Morbia, Co-Founder, Aris Infra.Navin Dhanuka, CEO & MD of Aris Unitern, said, "This new avatar is an important step in Unitern, becoming a complete enterprise solution provider, with the might of Aris' digital platform in the real estate industry. We are thrilled to announce that all our services hereafter will be carried out under the Aris Unitern platform. Along with our existing services, we now offer Aris' proprietary single window digital solution for material sourcing and credit to our clients". Aris Infra acquires majority stake in Unitern AdvisorsIN FOCUS
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