Housing.com Raises $19M Funding From Helion, Nexus & Qualcomm
Housing.com, the much talked about map-based online real estate portal started by 12 IITians has raised their third round of funding of Rs. 115 Crore (approx USD 19.1 million) from Helion Venture Partners, Nexus Venture Partners and Qualcomm Ventures.
In this round, Helion has invested $8 million, Qualcomm has invested $4 million and rest has been put by their existing investors Nexus.
The funds raised in this round are going to be utilized to expand their new projects section, extend their marketing activities and also improve their existing technology platform.
In June of 2013, when Housing had not even completed their one year of existence, Nexus VP had infused USD 2.5 million in this quite young real estate startup.
Earlier to that, they raised angel round of funding led by Zishaan Hayath and clutch of other individual investors.
They were covered by online media extensively last year when they decided to buy housing.com domain name for a whopping USD 1 million. Previously, they were located at housing.co.in. They also came spend good amount of monies into buying an easy to remember national number – 03-333-333-333.
Housing.com was founded by 12 IIT students in 2012 with the aim of disrupting online real estate portal market. The platform currently allows users to search for apartments and commercial complexes for rent or for sale. But the differentiating factor with housing.com is their tech platform which allows potential visitors to take virtual tours of each room in the flat or apartment.
Earlier this year, Housing.com came up with world’s first 3D projects platforms, that comprehensively gave a virtual tour of upcoming and existing real estate projects in 3D format, superimposed on maps.
The company claims that they have listings of over 80,000 houses in Mumbai and over 50,000 in Bangalore. They also have their presence in 25 Tier-I and Tier-II cities in India.
Housing.com’s competitors include online real estate portals like Commonfloor.com, Indiaproperty.com, 99acres.com, Magicbricks.com and Makaan.com.