SUMMARY
Singh Will Take Up A Senior Advisory Role In Housing’s Management Team
Real estate portal Housing.com has raised an undisclosed amount of funding from Vineet Singh, former business head of 99Acres.
As part of Info Edge’s executive leadership team for a decade, Vineet built 99Acres.com and Naukri.com from startups to scaled companies with strong sales capabilities, and now he will closely work with Housing’s management team in a senior advisory role.
Vineet is a veteran in the real estate industry with a track record in the offline and online space to deliver high-growth results. He is also a specialist in B2B and B2C marketplaces. Before joining Info Edge, Vineet worked with Xerox and Thomas Cook, and is an expert in the areas of strategic planning, large scale execution, and sales & operations management. Currently, Vineet heads Buildzar.com, a marketplace for building materials and finishing products that he also co-founded.
Jason Kothari, CEO at Housing, said, “Vineet brings with him enriching experience, deep understanding of the ecosystem, and a decade of high-achieving sales leadership in the online real estate space. On board as a personal investor, Vineet will also serve as a senior advisor to the company working closely with the management team. We believe that his association will further fuel the ambitious growth plans of Housing.”
Last month, co-founder Advitya Sharma quit to pursue other opportunities. Of the 9 co-founders, 5 have left the company. Despite all this, earlier this year, in January, Housing managed to raise $14.7 Mn (INR 100 Cr.) in a fresh round of funding from Softbank to drive its new strategy and growth plans.
Housing’s biggest competitors in this space are Google Capital-backed CommonFloor (acquired by Quikr) and InfoEdge-backed 99acres.
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