Housing.com Secures A Total $19M in Financial Funding From Major Investors.
India-based Residential property listing site Housing.com has manage to recently Secure over $19 million during its funding round from Helion Venture Partners, Nexus Venture Partners, and Qualcomm Ventures. While Helion has invested over $ 8 million, Nexus has dumped over $7 million and Qualcomm invested an additional $4 million during this recent round of funding.
This latest round of funding shall be used to expand some of the company upcoming new projects, extending its technology to new platforms, and accelerate its branding and marketing activities.
Co-founder of Housing.com, Advitiya Sharma stated, “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 added, “Few months back, we used to list 200 houses per day, and now we list over 2,000 houses per day. Soon we’ll be mapping 10k-12K houses every day.”
Housing.com plans to map one crore houses on its website over the next two years, the company said.
Co-founder of Chaupaati Bazaar, Zishaan Hayath, led the first round of funding for Housing during 2012. This was closely followed by the business tycoon, Haresh Chawla’s investment during the second round. During June 2013, the portal secured its third round of funding amounting up to $2.5 million from Nexus Venture Partners to develop a Data Science Lab.
Housing.com has manage to recently complete it second year of operations, and has mapped over 80,000 houses in Mumbai, and a total of 50,000 houses in Bangalore. It’s currently contains presence in over 25 different cities, wherein Ahmedabad, Jaipur, Indore, Nagpur, trivandrum, Kochi, Nashik, Vadodara, Surat, Vijaywada, Manglore, and Chandigarh became new additions.