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Real estate portal Housing.com has ‘acqui-hired’ two companies to strengthen its products and rope in talent from the industry. The company has acquired Plat, an online network for real estate agents, and BigBHK, a property management software provider, along with their employees, for an undisclosed amount.
Acqui-hiring is the process of acquiring a company along with its employees.
“The acqui-hires with Plat and BigBHK add immensely to our talent pool, which, in turn, will empower our partners and consumers to better manage their property portfolio. This is in line with our strategy … of focusing on the core of our business,” said Rishabh Gupta, interim Chief Executive Officer and Chief Operating Officer of Housing.com.
The acquisition also brings in talent from premier institutions such as IIT Delhi and BITS Pilani. These include Plat co-founders Chitransh Sahai, Gautam Prem Jain, Ayush Lodhi and Ankit Aggarwal and BigBHK co-founders Ankur Kumar and Atul Yadav.
Following the acquisition, Housing.com will integrate its ‘Agents App’, an app for realty agents, with Plat.
Further, the Plat buy also enables Housing.com to strengthen its technology know-how for the agent community and improve efficiencies in communications and operations.
Partner support Using BigBHK’s technology and software, Housing.com will enable its partners to streamline their realty lifecycle, which includes rental accounting, e-invoicing, record management, complaint tracking and inventory management.
From an end-consumer’s standpoint, BigBHK provides tenants access to a free platform to raise complaints, track rent dues and maintenance amounts on a monthly basis.
The property software solutions firm has operations in Bengaluru, Hyderabad and Pune and will soon be venturing into Chennai.
Inorganic growth strategy Housing.com, which is backed by Japanese telecom and Internet company Softbank, has been looking at growing through acquisitions.
In March, the company acquired Indian Real Estate Forum for about $1.2 million, followed by Realty Business Intelligence for ₹10 crore in June and HomeBuy360 for $2 million in August.
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