Exclusive: Housing Is Raising A Massive $500mn To Take On Rivals

Online realty startup, Housing is raising a massive $500mn led by Softbank and from what we know the deal will be closed as soon as this week.
Housing raised $90mn in November 2014 led by Softbank with participation from hedge fund Falcon Edge, DST Global and other existing investors Helion, Nexus and Qualcomm.
The company currently has a burn rate of $3mn and has been in the news for various reasons:
Housing..House Is On Fire
Housing has been on the news for all the right-and-wrong reasons.
1. The company apparently paid some massive $$$ for the new brand identity, just that it was (cynically speaking) hugely inspired from an app logo (even the name).
2. The founder went all against Sequoia Capital and even went public with that email.
3. The Times Group has sent a legal notice to Housing for an internal email and is demanding INR 100 crores in damages.
4. One of the cofounder, Advitiya was involved in an unfortunate car accident which killed a Housing employee.
And of course, there are billboards inspired by Commonfloor Vs. Housing trolls!
All in all, it’s just an interesting time for the company.

Leave a Reply

Sign Up for NextBigWhat Newsletter