India’s first map based home search portal, has announced that it has raised Rs.115 crore in its fourth round of funding, from leading venture capital (VC) firms, Helion Venture Partners, Nexus Venture Partners, and Qualcomm Ventures. While Helion has pumped in Rs.48 crore, Nexus has invested Rs.43 crore, and Qualcomm, Rs.24 crore.
The latest pool of funding will be utilized to expand the company’s new projects, extend its technology to new platforms, and accelerate its branding and marketing activities. Over the next two years, Housing.com plans to map one crore houses on their website.
Reiterating the company’s vision, Advitiya Sharma, Co-founder, Housing.com, said “Our goal has always been to build a service that is loved and trusted by hundreds of millions of people. Technology simplifies life, and that is what Housing.com does with easy map-based search. The additional funding reaffirms our growth story, and we will leverage the funding to increase our investment in new projects and the backbone technology.” He also added, “Few months back, we used to list 200 houses per day, and now we list over 2000 houses per day. Soon we’ll be mapping 10k-12K houses every day”
The next-gen house hunting platform, Housing.com recently completed its second year of success, and has already mapped over 80,000 houses in Mumbai, and over 50,000 houses in Bangalore. This number constitutes more than five percent of the total houses in both cities, respectively.
After the phenomenal success in Tier I cities, Housing.com has now launched in Tier II cities. It is now present in 25 different cities, wherein Ahmedabad, Jaipur, Indore, Nagpur, Trivandrum, Kochi, Nashik, Vadodara, Surat, Vijaywada, Mangalore, and Chandigarh are the new additions, launched in one shot.
Started in June 2012, by a group of 12 IIT B alumni Housing.com is India’s first map based home search portal. Since its inception, the company has established a strong presence in 11 major cities namely- Mumbai, Delhi, Gurgaon, Hyderabad, Pune, Bengaluru, Noida, Ghaziabad, Faridabad, Chennai and Kolkata. Housing’s approach is rooted in technology and authentic data which is the need of the hour for the Indian real estate sector. The company has established the first ever Data Science Lab (DSL) for the real estate industry. Through DSL, Housing intends to periodically enhance its functioning by way of constant market analysis and research.
Housing.com’s mission is outlined by the statement ‘To list each and every house in India’. The company aims to change the face of Indian real estate industry by bringing a whole new experience in house hunting to its users.
In the short span of time, the company’s efforts have attracted accolades from some of the most revered icons of the Indian industry. Mr. Zishaan Hayath, co-founder, Chaupaati Bazaar led the first round of funding for Housing in 2012. This was closely followed by the business tycoon, Mr. Haresh Chawla’s investment in the second round. The third came through India’s leading venture capitalist fund, Nexus VP. The resources have been directed towards expansion, recruitment of the top talent from premier educational institutes in order to nurture product quality and investments for future growth.
In keeping with the needs of the market, Housing has recently expanded operations to four new sectors. The classic Housing Rent/Buy is now accompanied by the verticals Housing Land, Housing PG and Housing Agents, and now Housing New Projects.
Looking to rent or buy apartments, houses? Searching for a flat in a certain neighbourhood or just close to your workplace? This is your stop! http://housing.com/in