Real Estate Platform, Housing Raises Rs 100 Crore From SoftBank

Company Name : Housing
Funding Amount : Rs 100 crore
Investor(s) SoftBank
Funding Round : Not Disclosed

Housing has secured Rs 100 crore from Softbank. The new funds will help the company to drive its new strategy and growth plans.

Jason Kothari, Chief Executive Officer, Housing said, “Softbank is one of the world’s largest and most successful investors.  Their continued support as both investors and advisors to is invaluable to us and signifies their long-term commitment to the Company.  We are now well-capitalized to aggressively execute on our focused strategy and growth plans and believe 2016 will be a great year for the Company.”

The company has established a focused strategy on buying and selling homes and is building scalable revenue streams, demand and supply, and is also going deeper in the value chain towards facilitating and fulfilling transactions.

In addition, Housing acquired the online community for real estate India Real Estate Forum, a CRM for developers HomeBuy360, and a data analytics firm Realty Business Intelligence.

Over the last few months, Housing has been expanding its senior management team to include highly seasoned executives. The startup claims that it is now working with over 40,000 developers and agents.

The company had earlier dissolved its operations committee to keep a track on the performance and also announced that it appointed its co-founder Snehil Buxy as its new Chief Product Officer.

Also Read: Housing Recorded Revenue Of Rs 12 Crores; Loss At 22X, 279 Crores [FY14-15]

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