Online marketplace veteran partners with Clicbrics founders to expand reach across India

GURUGRAM, India--(BUSINESS WIRE)--Clicbrics, India�s most advanced digital residential real estate platform, today announced that it has appointed Mr. Scott Forbes, Chairman of Ascential plc. and Cars.com, senior independent director of Auction Technology Group and former Chairman of Rightmove, to the company�s Board of Directors.

Mr. Forbes has significant board and leadership experience across online marketplaces and digital commerce as well as the property, travel, hospitality, auction and media sectors. His extensive experience includes developing and co-developing business strategy, undertaking strategic transformation and growing brands organically and through mergers and acquisitions.

Founded by Rohit Malik in 2017, Clicbrics is an online real estate marketplace that brings transparency to the home-buying process across India. Clicbrics empowers homebuyers with credible and accessible property valuations to make informed decisions on the place they want to call home in a country without a central listing platform.

�Scott�s depth of experience leading digital commerce platforms such as Cars.com and Rightmove will be invaluable to Clicbrics as we expand the range of our offerings to a burgeoning India home hunter and developer community,� said Rohit Malik, Chief Executive Officer of Clicbrics. �Real estate is one of the largest markets in India, and a sector where innovation and technological disruption can make a meaningful impact. Clicbrics is poised to make the home transaction process simpler and more transparent for the average homebuyer.�

�The Indian real estate market has reached an inflection point. Now is an opportune time to introduce structural efficiencies into the home sales process, greater clarity for price estimates and remove obstacles that will accelerate the home closing process,� added Scott Forbes. �I am excited about Clicbrics� potential for growth as well as the talented team and the proprietary technology which differentiates Clicbrics from competing alternatives.�

Prior to his board roles at Ascential plc (LSE: ASCL), Cars.com (NYSE: CARS) and Auction Technology Group (LSE:ATG), Mr. Forbes was Chairman of Rightmove for nearly 15 years through 2019 and Orbitz Worldwide, Inc through September 2015. He was also Independent Director of Travelport Worldwide Ltd, Inc. through May 2019. Scott�s executive career included 15 years at Cendant Corporation. He established Cendant�s Europe, Middle East, African and Asia headquarters based in London in 1999 and led Cendant�s efforts to expand their real estate, travel and hospitality portfolio. Scott received a BA degree from Rutgers University.

About Clicbrics

Clicbrics is on a mission to reinvent the real estate buying and selling process in India. As India�s first online real estate platform to provide buyers with the transparency they need to make a good investment and sellers with the liquidity they need to complete developments reliably, the firm ensures that consumers have a seamless experience as they make the most important purchase of their life. Clicbrics combines expertise in real estate and technology to create a new paradigm for the online real estate marketplace in India.

Contacts

Jill Gordon

646.818.9226

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