Housing.com raises Rs.115 crore funding from Helion Venture Partners, Nexus Venture Partners and Qualcomm Ventures

Housing.com-Co-founder-Advitiya SharmaMumbai, India, June 19, 2014: Housing.com, India’s map based home search portal, has announced that it 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, Rs.24 crore.

The latest pool of funding will be utilized 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 their website.

Housing.com Co-founder Advitiya Sharma 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. Few months back, we used to list 200 houses per day, and now we list over 2000 houses per day. Soon we’ll be mapping 10k-12K houses every day.” 

“As investors, our goal is to support brilliant founders pursuing audacious ideas. The partnership with Housing.com is a key milestone in this context. We find Housing.com to be an exceptionally well run company and a forerunner owing to its best in class technology, high standard of operating excellence, quality mindset, and a very energetic founding team.  We are very excited to contribute to their growth with our domain expertise in this sector and collectively take the company to new heights of success,” said Nexus Venture Partners. 

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 percent of the total houses in both cities, respectively.

After the phenomenal success in Tier I cities, Housing.com has now launched in Tier II cities. It is now present in 25 different cities, wherein Ahmedabad, Jaipur, Indore, Nagpur, Trivandrum, Kochi, Nashik, Vadodara, Surat, Vijaywada, Mangalore, and Chandigarh are the new additions, launched in one shot.

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