Housing sector has expanded tremendously which has led to a series of acquisition and huge amounts of fund being raised. Following the same, Housing.com is in talks to acquire Delhi-based PE analytics which owns online subscription-based real estate data and analytics platform, PropEquity. THe company has been looking to acquire companies in the data and research space to strengthen its services.
Advitiya Sharma, co-founder, Housing.com, denied to comment on the development.The deal will give Housing.com a ready revenue stream from B2B clients as the heavily funded company will come under increasing pressure to show revenues. PropEquity’s data and analytics enable to spot market trends which is mainly used by real estate equity investors, developers and other clients. The company claims of covering over 45,000 projects of 8,200 developers across over 40 cities in India and adding about 500 projects every month.
Given Housing.com’s plethora of funds which it raised last year this move is a strategic fit.
It raised $90Mn from SoftBank.with participation from Falcon Edge Capital. Prior to it, it had raised INR 115 Cr in funding from Helion Venture Partners, Nexus Venture and Qualcomm Ventures.
