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Housing.com gets $14.7 million funding from Softbank

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Housing.com gets $14.7 million funding from Softbank

Mumbai, India | Red Newswire | Jan 21, 2016 Last Updated at 5:30 PM IST.

The real-estate housing portal, Housing.com has succeeded at another round of funding and has raised $14.7 million from Softbank. The company said it will be using the funds for implementing new strategies and plans.

Jason Kothari, CEO of Housing said, “Softbank is one of the world’s largest and most successful investors.  Their continued support as both investors and advisors to Housing.com is invaluable to us and signifies their long-term commitment to the company.”

Since last few months, Housing has been extremely aggressive in expanding its business – it has added more members to its senior management team, partnered with CREDAI and MCHI, launched the first virtual real-estate expo and innovative branding solution ‘BRAND FALCON’.

According to one statement, the company has planned a strategy that focuses exclusively on buying and selling homes. The site registered 85 million visits last year.

At the time of its last funding, Housing was valued at $250 million.

Source: Inc42

 

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