Property listings portal Housing.com has raised around USD 18 million in a fresh round of funding led by Helion Ventures among other investors reports Techcircle. This takes the total funding raised by the firm to date to around USD 20 million. The raised funds will be used to further expand its operations to almost 40 cities.
The company has raised a series of funding – with having three funding rounds raised alone in 2013, including its USD 2.5 Mn Series A funding round led by Nexus Venture Partners.
Launched in 2012, Housing.com is a map based real estate search portal. With an approach rooted in technology and accurate data, the company claimed to have taken a route less travelled in Indian real estate industry.
According to a report published in Times of India, real estate listing market in India is expected to be around 150 to 200 crore About 70 percent of which is owned by two large players-99Acres and MagicBricks. The report also claimed that experts feel it will be difficult for newer players to gain share unless they break new ground. And Housing.com seems to be doing exactly the same.
To gain an edge over others, Housing.com had recently gone on a hiring spree from India’s top campuses. It hired about 50 IITians in last few months – to complement its 12 IIT Mumbai founders’ team. The portal also paid a whooping USD 1 million to support its plans to go international by acquiring domain name Housing.com ( as well as a national number 03-333-333-333) in 2013, which supposedly was one of the biggest investment coming from a startup.
Housing.com has had a great two years since its inception in 2012. With already having a strong technology deployed at the backend, the company continuously keep working on new and trending features to drive further growth and innovation.
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