Housing.com is a property-search portal operated by Locon Solutions that lists residential properties and new developments across India. The company claims over 350,000 properties and 15,000 new developments across 45 cities and says it will expand to 40 million listings across more than 300 cities. Housing.com emphasizes in-house data collection and vetting, and plans to significantly expand its 1,500-strong staff to cover tier-three cities. Product features mentioned include an ‘on/off’ relist button for landlords and the Slice View new-development booking service, which sold more than half of units in four exclusive projects (roughly $10M GMV) within five days. Management said the business was in a good financial state and expects not to need new funding for at least a few years. Founded in 2012 by 12 IIT students, Housing.com is a map-based online real estate portal that lets users search for apartments and commercial properties for rent or sale. Its technology platform differentiates the company by offering virtual tours of individual rooms and a 3D projects platform superimposed on maps. The company claims listings of over 80,000 houses in Mumbai and over 50,000 in Bangalore and reports a presence in 25 Tier-I and Tier-II Indian cities. Housing.com has raised multiple funding rounds since launch and previously sold the memorable housing.com domain and a national number to boost brand reach. The most recent Rs.115 crore (approx. USD 19.1M) round is intended to expand the new projects section, extend marketing activities, and improve the existing technology platform. Competitors include Commonfloor, Indiaproperty, 99acres, Magicbricks and Makaan. Housing.co.in operates a map-based real-estate search site that displays photos and filters such as number of rooms, operating similarly to Trulia and Zillow. The service launched in June 2012 and has expanded beyond its Mumbai home base into Bangalore, Gurgaon, Pune and Hyderabad. The company has grown to over 200 employees; its core tech team is about 13 people and it plans to add 21 more engineers from the Indian Institutes of Technology, joining roughly 30 IIT-educated engineers already employed. Housing.co.in plans to use new funding to expand its data-science teams and build metrics such as area-based pricing, listing decay rates and neighborhood ratings. The reported funding round is the company’s fourth in the past year since its launch. Co-founder Advitiya Sharma said the company has never canvassed for funding since it was started. Housing.co.in is a map-based real estate search portal led by a team from IIT Mumbai. The service lists a large number of flats held directly by owners and provides accurate pictures and data for users. It is available on the web and via mobile apps for Android and iOS. The company intends to use new capital to expand operations. The article does not disclose operating metrics such as revenue or user counts. The recent fundraising indicates early-stage external backing to support growth.

Total raised

$112M

Funding rounds

4

Latest round

Equity

Latest activity

Dec 2014