Magicbricks to raise AI integration in products, eyes IPO in 2-3 years

Real estate platform Magicbricks, profitable for four years, plans an IPO in 2-3 years while expanding AI integration across products and growing home loans and interiors services

Magicbricks is eyeing a public listing in the next two to three years. The company is building out its home loans distribution business and is equally focusing on getting traction for its home interiors business — both of which are large areas of interest and spending for consumers.  

 

“We have been profitable for four years now and remain cash-flow positive,” said Chief Executive Officer Sudhir Pai in a video interaction. “A listing is possible in two to three years as our growth segments mature further."

 

The real estate platform said it plans to leverage its profitability to continue breakthroughs via