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Investment  19, Jun 2014

Housing.com raises US$19M from Helion, Nexus and Qualcomm

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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 activities

Advitiya Sharma, Co-founder, Housing.com

Advitiya Sharma, Co-founder, Housing.com

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.

Also Read: Indian online ticketing portal BookMyShow raises US$25M

Twishy

Twishy

A writer at heart, Twishy thinks that no idea is small and nothing is a mistake. Some of the great works come from beautiful mistakes that are perfectly imperfect. She believes in unearthing new talent and feels that genius can be written on a bar napkin too. Incisive reporting coupled with exceptional ideas has been the love of her life. When not writing, one can find her exploring the best places to hang out with loved ones.

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