After making investments in Ola, Snapdeal, now Japanese Corporation Soft Bank is finally making an investment in Housing.com along with Falcon Edge Capital and others. Last month, there was a rumoured news of SoftBank had leading a USD 100 million funding round in Housing.com.
However now in a Press Release the Japanese investment company has confirmed leading a USD 90 million round, with participation from Falcon Edge Capital.
As mentioned in the statement by Softbank. Housing.com plans to use the funds to map over 40 million houses across 300 cities in India in the next one-two years. Also, it aims to further invest in the digital infrastructure of India and build synergies with its network of Internet companies in India and around the world.
The firm is also looking to expand the number of services it offers to customers. Recently, it had made tie up with Tata Value Homes to sell homes online using its website, further it launched a new feature ‘Slice View’ to provide home buyers an interactive exploration of a project before making a booking.
Till date, Housing.com had secured a total funding of over USD 121 million in 5 rounds of funding. Currently, it provides searches in 45 cities with a presence in western and southern India.