Housing.com raises US$19M from Helion, Nexus and Qualcomm
The map-based home search portal will use the funding to expand new projects, extend its technology to new platforms, and accelerate branding and marketing activitiesBy Twishy Shahi 19 Jun, 2014
Residential property listing site Housing.com has raised US$19M in its fourth round of funding from Helion Venture Partners, Nexus Venture Partners, and Qualcomm Ventures. While Helion has invested US$8M, Nexus has pumped in US$7M, and Qualcomm invested another US$4M in this round.
The latest pool of funding will be utilised to expand the company’s new projects, extend its technology to new platforms, and accelerate its branding and marketing activities.
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 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.
Zishaan Hayath, Co-founder, Chaupaati Bazaar led the first round of funding for Housing in 2012. This was closely followed by the business tycoon, Haresh Chawla’s investment in the second round. In June 2013, the portal raised its third round of US$2.5M funding from Nexus Venture Partners to build Data Science Lab.
Housing.com has recently completed its second year of operation, and has mapped over 80,000 houses in Mumbai, and over 50,000 houses in Bangalore. 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.