Bangalore based property portal Housing.com is in talks to raise as much as $30 million (about Rs 180 crore) from Tybourne Capital, Russian venture capitalist Yuri Milner and existing investors reported Economics Times today.
The new round of funding will be used for acquisitions, hiring talent, building technology and in creasing branding and marketing activities at Housing.com, which has so far raised as per sources.
Housing.com is a real estate portal which allows you to search for apartments for rent or for sale, currently in 11 cities in India which includes Mumbai, Delhi, Chennai, Kolkata, Bangalore, Pune, Hyderbad, Gurgaon, Ghaziabad, Noida and Faridabad,. As USP of portal, it allows you to take virtual tours of each room in the flat using the photographs that the portal have meticulously collected.
Housing.com’s expected investor Yuri Milner, is one who founded investment firm DST Global and has backed companies like Facebook, Twitter and, most recently, Flipkart in India. He is aggressively looking to expand his fund’s portfolio in India.
The real estate portal was launched with .co.in domain i.e. Housing.co.in however in september the startup manged to acquires the .COM domain and became Housing.com.
In February 2013, Housing.com raised first angel round funding led by Zishaan Hayath, Angel Investor, Co-founder of Chaupaati Bazar and ex-VP of Product at Future Bazar and other investors. Thereafter, just after one month Former Network 18 CEO and Managing Partner at India Value Fund Advisors, Mr. Haresh Chawla invests in 2nd round.
In June 2013, Housing.com raised $2.5M From Nexus Venture Partners to Build Data Science Lab.