Japan's Softbank Infuses Rs100 crore into Housing.com
21 January 2016
Housing.com has secured a fresh round of Rs100-crore funding from Japan's Softbank, its largest investor, which the real estate platform will use to drive its new strategy and growth plans
"Softbank is one of the world's largest and most successful investors. Their continued support as both investors and advisors to Housing.com is invaluable to us and signifies their long-term commitment to the company. We are now well-capitalised to aggressively execute on our focused strategy and growth plans and believe 2016 will be a great year for the Company," said Jason Kothari, CEO, Housing.com.
The company has established a focused strategy on buying and selling homes, the largest and most lucrative segment of the real estate market.
Housing.com said, "With 85 million visits in 2015 and 1.7 verified listings to date, Housing.com is building scalable revenue streams around its world-class product, market leading demand and supply, and is also going deeper in the value chain towards facilitating and fulfilling transactions.
Housing.com acquired India Real Estate Forum, the largest online community for real estate, HomeBuy360, a popular CRM for developers, and Realty Business Intelligence, a leading data analytics and due diligence company for real estate. These companies and their capabilities will be leveraged to further the company's strategy and growth plans.
Founded in 2012, Housing.com has emerged a leading online real estate platform.