reAlpha Tech Corp. Acquires 85% Stake in AiChat Pte. Ltd.

Author

Slice of Real Estate Team
July 17, 2024

Key Highlights:

  • reAlpha acquires 85% of AiChat for $1.14 million in shares

  • AiChat to integrate its AI tech with reAlpha’s platforms

  • Acquisition enhances reAlpha’s market presence in the APAC region

  • reAlpha infuses $300,000 into AiChat for operational growth

Source (Business Wire)

Notable Quotes:

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“We are thrilled to welcome AiChat to the reAlpha group. We believe this accretive acquisition is a large step in our journey to bring the global real estate industry into the digital era. AiChat’s innovative platform and talented team will accelerate our efforts to make Claire set the new standard for efficiency, accessibility and reliability when it comes to buying a new home.”

Giri Devanur, CEO at reAlpha
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“Joining forces with reAlpha opens up exciting new opportunities for AiChat. We look forward to integrating our technology with reAlpha’s resources and expertise, which will help us to enhance our product offerings and expand our market leadership.”

Kester Poh, CEO and Founder at AiChat

Our Take:

This strategic acquisition by reAlpha signifies a pivotal advancement in the real estate technology sector. By integrating AiChat’s sophisticated AI-powered conversational platform, reAlpha is poised to offer enhanced customer interaction tools, thereby elevating its service offerings. The infusion of $300,000 into AiChat underscores reAlpha’s commitment to fostering growth and innovation. This move not only bolsters reAlpha’s technological capabilities but also significantly strengthens its market position in the rapidly expanding APAC region. With the global conversational AI market projected to grow substantially, reAlpha’s acquisition of AiChat positions the company advantageously for future success and market leadership.