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Escorted with Helion Venture partners & Qualcomm Ventures the real estate classifieds threshold of Housing.com has elevated Rs 115 crores in a circle of investment. The existing shareholders Nexus Venture Partners as well participated in this circle.
Till date housing has lifted up good amount of capital for over three months of tenure. It was founded by 12 IIT graduates from Mumbai and the startup has eventually elevated Rs 138 crores in all. It has been seen that Nexus Venture Partners put in $7 mn to the circle, Helion added more of $8 mn and ultimately Qualcomm Ventures actually topped it with $4 mn so as to close the circle.
As told by Advitiya Sharma, a co-founder that the basic notion is to actually map around one crore houses in next two years. He said that we are planning to construct 200 houses per day. But, at present we have a plan of 2000 per day. Sharma said that with a huge capital structure, we will definitely do 12, 000 houses per day in near future.
At this time, Housing possesses approximately 80-85k dwellings in Mumbai plus 50-60k dwellings in Bangalore city. This startup has rapidly grown and it employs nearly 950 individuals at the moment. It currently exists in 25 cities incorporating more than a dozen level 2 cities.
“Mapping the remaining 30-40 major cities is in plan in subsequent quarters,” said Sharma.
Housing had lifted up an unrevealed Angel Round by a group of seraph investors directed by Zishaan Hayath who is the co-founder of Toppr. Companies such as IndiaHomes and Commonfloorhave as well raised their venture funding lately. Nearly Rs 64 crores has been raised by Commonfloor in the new circle of funding by the current investors Tiger Global and Accel India in January 2014. While IndiaHomes raised approximately RS 150 crores by means of New Enterprise Associates together with current investors Foundation Capital and Helion.
What is so special about Housing
The approach of Housing is essentially quite different from what various others in the marketplace are actually doing. The establishment treats the data it accumulates as reusable assets and it spends sufficient endeavor in accumulating approximately 100 data points regarding a specific property. Whenever the owner desire to let his / her house, they ought to click a button to possess the most precise posting online.
Besides, it generates a kind of good healthy relationship with the owner. The fact is that the owner would actually not bother to list on various other websites. No wonder, Housing’s secret pulp is basically the data it accumulates and owns.
