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.
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.
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.
Housing.com has been hacked. The site is currently down for maintenance.
And you would know better than me about the transient nature of tech industry. Do you remember the last time you used a Nokia phone or Just Dial service or Google Groups.
Housing.com employees will get approximately ~1 year of their annual salaries worth of Housing stocks. “I’m just 26 and it’s too early in life to get serious about money etc.”
The announcement follows a spat between Housing co-founder Rahul Yadav and the investors. Housing.com is ranked at 137 among websites in India, up by 400 positions, due to increased traffic onto the site. The app, on the other hand, has registered over 1.2 million downloads and has a rating of 4.1 out of 5 stars. The company claims the success is a resultant of the massive rebranding it undertook recently as well as its expansion into new cities in India.
Stop this because you never had the balls to buy a domain worth half a million dollar. You might want to call it marketing chutzpah , but then – it is what it is! (try convincing your investor!).
I don’t think you guys are intellectually capable enough to have any sensible discussion anymore. This is something which I not just believe but can prove on your faces also! I had calculated long back (by taking avg life expectancy minus avg sleeping hrs) that I only have ~3L (hours) in my life. ~3L hrs are certainly not much to waste with you guys!
The Housing is getting bigger as India’s Tier II cities are all set to “look up”
Zillow and Trulia in US are not doing any of this yet and all of them have billion dollar market caps!
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