Residential property listing site Housing.com, earlier known as Housing.co.in, has raised Rs 115 crore in its fourth round of funding from leading venture capital (VC) firms, Helion Venture Partners, Nexus Venture Partners, and Qualcomm Ventures. While Helion has pumped in Rs 48 crore, Nexus has invested Rs 43 crore, and Qualcomm pumped in another Rs 24 crore.
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. Over the next two years, Housing.com plans to map one crore houses on its Web site, the company said in a statement.
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 everyday.”
The next-gen house hunting platform, Housing.com, recently completed its second year of success, and has already mapped over 80,000 houses in Mumbai, and over 50,000 houses in Bangalore. This number constitutes more than five per cent of the total houses in both cities, respectively.
Housing.com has spread its presence in Tier II cities. It is now present in 25 different cities, wherein Ahmedabad, Jaipur, Indore, Nagpur, Thiruvananthapuram, Kochi, Nashik, Vadodara, Surat, Vijaywada, Mangalore, and Chandigarh are the new additions.