Housing.co.in Secures $2.5 Million in Funding from Nexus Venture Partners to Establish Data Science Lab and Develop Breakthrough New Technologies
Real estate search portal launches in Bangalore, its fifth city in India.
Housing.co.in, the fastest growing completely map-based real estate search portal announced that it has raised $2.5 million in funding from Nexus Venture Partners, India’s leading VC fund. Housing.co.in has revolutionized house hunting through its unique and exceptional user interface which empowers users with the ability to view a house without necessitating physical presence.
Housing.co.in was founded eleven months ago by a group of IIT Bombay students who chose to invest in their brainchild, Housing.co.in with the intention of disrupting the online real estate market with best in class data and technology. The current round of funding will allow the company to aggressively expand its technology and data sciences teams, comprised of more than 30 ITT graduates.
Housing is perceived as a unique portal thanks to its outstanding interface, but its real strength lies in its data. And since its inception, the company has been obsessed with its data approach. The Data Science Lab is set to develop features like area-based pricing and society ratings, among other things. The company is also designating a large portion of the investment to building a new headquarters specifically for its innovative technology team.
“We are very happy to partner with and receive mentoring from India’s leading VC, Nexus Venture Partners. Their experience in building high technology companies in India and abroad is what attracted us,“ said Advitiya Sharma, Co-founder of Housing.co.in. ”We were just amazed by the speed of their decision making and trust they had in our team"
Nexus Venture Partners Co-founder, Suvir Sujan, said, “The Housing team is disrupting online search for home buying and renting in India like never before. We were very impressed with the vision, passion and speed of execution of the founding team and we are very excited to partner with them"
Housing.co.in aims to transform the Indian real estate industry, which is currently crippled with data inaccuracy. We believe that with the right technological tools, the home search can become both pleasant and informative.
We keep innovating ways to make home search smooth, fast and intuitive. Looking for a flat in a certain neighborhood or just close to your favorite coffee joint? Get started! Our unique map based user interface keeps unnecessary flats out of the way and lets you visually focus on just the neighborhood you are interested in. Accurate data about neighborhood, commute route to bus stations and train stations along with photos of every flat listed on our website ensure that you end up visiting only those flats that you love!
We are just beginning. We’ll keep making cool tools to make your home search experience even better. Stay tuned!
About Nexus Venture Partners
Nexus Venture Partners (www.nexusvp.com) is India’s leading venture capital fund, with offices in India and Silicon Valley. Nexus team consists of entrepreneurs who have founded and scaled large global companies. The team has invested in a variety of companies leading to numerous successful public offerings and M&A transactions. It has over $600 million under management with an active portfolio of over 45 companies across Technology, Internet, Media, Consumer, and Business Services sectors. The Nexus team plays an active role in helping entrepreneurs and management teams build market leading businesses.
Nexus partner companies include cutting edge internet and technology companies such as Gluster (Open source cloud storage, acquired by Red Hat), Pubmatic (Publisher Ad revenue optimization), DimDim (Open Source Web Conferencing acquired by Salesforce.com), Snapdeal.com (Ecommerce), MapMyindia (Digital Navigation), Netmagic (Managed Services and Cloud infrastructure provider, acquired by NTT), Komli (Online ad network), Prana (Animation services), Druva (computing End-point protection), Unmetric (Social media analytics for business applications).For media queries please contact:
Rashika Sharma, Manager, Marketing & PR, Housing.co.in – rishika(at)housing(dot)co(dot)in, 8879685297
Suhasini Mehta, VP, Corporate Communications, Nexus Venture Partners – suhasini(at)nexusvp(dot)com
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