Housing Expands To 16 More Cities, Acquiring Two Startups Soon

Online real estate startup, Housing.com, has announced expansion of its rent and resale category services to 16 additional cities in India. These cities are majorly tier 2 cities including Aurangabad, Nashik, Surat, Vadodara, Dehradun, Ahmedabad, Indore, Bhopal, Jaipur, Kolhapur, Lucknow, Patna, Jamshedpur, Mysore, Goa, and Bilaspur. With this, now Housing has presence in over 61 cities.

The real estate startup has been in news for sometime due to its plethora of events that made the startup ecosystem snap their fingers.

Just few days back, Housing had announced acquisition of online discussion forum for sharing real estate information, Indian Real Estate Forum (IREF) for about INR 8 Cr. It is also in talks to acquire real estate data and analytics platform, PropEquity for over INR 80 Cr, Nestaway Technologies, and Realty Business Intelligence.

Rishabh Gupta, COO, Housing said, “With our technology, consumers who wish to rent or buy resale property in these cities will now be treated to a hassle-free experience which will make them “look up” to a new life experience.”

Mumbai based, Housing.com has a user interface that empowers the view of house without physical presence. It claims 4,92,120 total verified listings, and around 5367 new listings added till now.

Winding up Housing’s previous expeditions, the startup had raised $90 Mn funding from Softbank. The funds were to be used to map over 40 Mn houses across 300 cities in India. It also raised INR 115 Cr funding from Helion Venture Partners and Quolcom Ventures, $2.5Mn from Nexus Venture Partners and its first round of funding led by Zishaan Hayath and other investors.