Ex 99acres.com's business head invests in rival Housing.com
04 April 2016
Online real estate portal Housing.com has received an undisclosed investment from Vineet Singh, former business head of 99Acres.com, who will also join the Mumbai-based firm in a senior advisory role.
Singh, who was part of Info Edge's executive leadership team for a decade, built 99Acres.com and Naukri.com from start-ups to scaled companies. He is currently a senior advisor at Housing.com
A veteran in the real estate industry, Singh who has spent a decade in the online space, he is a specialist in B2B and B2C marketplaces.
Prior to joining Info Edge, Singh worked with Xerox and Thomas Cook and is a specialist in the areas of strategic planning, large scale execution, and sales and operations management.
He is also co-founder, CEO & MD of Buildczar.com, a marketplace for building materials and finishing products.
''Housing.com has been a disrupter who has redefined the way consumers buy and sell homes in the marketplace. With a great product and a strong management team, I am a proud investor in Housing.com and look forward to further this dynamic company on its path to becoming the largest and most trusted player in the online real estate space," said Singh.
Founded in 2012, Housing.com has raised more than $100 million in capital from leading investors such as including Softbank, Nexus Ventures, Falcon Edge, Helion Ventures, Nirvana Ventures, Qualcomm, DST founder Yuri Milner, Viacom 18 co-founder Haresh Chawla, Snapdeal founders Kunal Bahl and Rohit Bansal among others.