Former Business Head Of 99Acres Vineet Singh Invests In Housing

As part of Info Edge’s executive leadership team for a decade, Vineet built 99Acres and Naukri and he will now closely work with the Housing management team in a senior advisory role. Currently, Vineet is co-founder, CEO & MD of Buildczar, a marketplace for building materials and finishing products.

Housing’s Co-Founder Advitiya Sharma Quits

After Rahul Yadav, co-founder Advitiya Sharma has quit the company to pursue a new business. In his farewell email to employees, he wrote, “The toughest phase in our history…

Real Estate Platform, Housing Raises Rs 100 Crore From SoftBank

The new funds will help the company to drive its new strategy and growth plans. 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.

Housing Acquihires Plat & Big BHK; Strengthens Its Supply Side Portfolio

With these acqui-hires, acquires quality talent from premier institutions such as IIT Delhi and BITS Pilani.Housing now has more than 2551 employees in over 50 cities across India. With Plat, strengthens its technology know-how to better cater to the needs of the agent community.

Housing Acquires HomeBuy360 for $2 Million

Leveraging this unique platform, developers and agents can streamline the entire sales lifecycle, by tracking inventory, managing customer relations and in effect drive efficiencies in their sale operations. This acquisition will also fortify’s Data Science Lab (DSL) with rich data on inventory and transactions in the real estate sector.

Housing Crosses 1mn Verified Property Listings Milestone

The company has collected data for over 100 crore square feet across the country in the three years since its inception. 50% of this data has been collected in the last 6 months. Housing employs an intricate property verification process that involves collecting nearly 90 fields of data, analysing data quality and processing of the data by its Data Science Lab.

Housing To Layoff As Many As 600 Employees In Three Months

The company is looking to impede cash burn and focus on building core technology. Housing is undertaking a massive restructuring and scrutinizing the performance of employees across departments. The Majority of layoffs will be due to the shutting down of non-core businesses, underperformance and overstaffing.

Housing COO Rishabh Gupta Becomes Interim CEO

Gupta’s appointment as CEO is as off immediately and comes a week after co-founder Rahul Yadav was ousted from the post. A former Flipkart employee, Gupta has apparently been running Housing for the past few months as the whole Rahul Yadav controversy unfolded. Harsh Chawla, the firm’s first angel investor, Abhishek Anand CFO and Rishabh Gupta will join the operating committee.