Housing.com, the online real-estate portal from India is all set to raise a funding worth $25 million (~ 220 Crore) in a new funding round. The round will be led by Japan’s SoftBank. This news have been sourced by two people closely associated with it.
Housing.com is expected to be measured up at a worth of Rs 2,260 Crore after this funding round.
Our investors are positive but we are not talking to any third-party investors at the moment and have our focus on execution plan said Jason Kothari who is Cheif Business Officer at Housing.
Housing Funding News
There was no confirmation about the actual funding amount expected by Housing but considering the speculations to be right, the calculations fall in place as Housing was valued at Rs 1,500 crore over their last funding round in Dec 2014.
Housing.com is a little over three year old and Kothari who joined recently in September 2015 is working increasing efficiency at Housing. This was done after ouster that eradicated out of exit of Rahul Yadav from Housing.
2015 has not been an year which is too good for Housing as a whole as there have been a lot to speak about, but still with this housing funding news round, Housing will be eager to bounce back and compete with CommonFloor, 99Acres, MagicBricks and other major player of property genre.