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Housing.com

From Wikipedia, the free encyclopedia
Indian real estate search portal

Housing.com
Type of businessE-commerce,Real Estate,Classifieds
Available inEnglish
HeadquartersMumbai,Maharashtra,India
Area servedIndia
FounderRahul Yadav
CEODhruv Agarwal
IndustryReal estate
ParentREA Group
URLhousing.com
LaunchedJune 2012; 13 years ago (2012-06)
Current statusActive

Housing.com is an Indian real estate search portal which allows customers to search for apartments for rent and sale.[1][2] The company has 6,000 brokers and serves 40 cities inIndia includingChennai,Mumbai,Bengaluru,Kochi,Kolkata andDelhi.[3][4][5]

History

[edit]

A group of twelve students from theIndian Institute of Technology, Bombay founded Housing.co.in in June 2012.[1][6][7][8] The company purchased Housing.com from San Francisco-based internet entrepreneur, Peter Headington, and the telephone number 03-333-333-333 in September 2013 for a total of $1m.[9][10]

Since its founding in 2012, Housing.com has raised four rounds of funding. The company raised $2.5 million inSeries A funding from Nexus Venture Partners in June 2013.[2][3][4][11] The company used the funds to create its Data Science Lab and to expand to four cities:Bengaluru,Gurugram,Pune,Hyderabad.[3][12][13] The company raised another $19M in venture funding, led by Helion Venture Partners, in April 2014.[14][15]

Housing.com acquired real estate discussion forum, Indian Real Estate Forum (IREF), for $1.2 million in March 2015,[16] Realty BI, a risk assessment firm for realty projects, for $2 million in June 2015,[17] and HomeBuy360, a cloud-based sales lifecycle management platform, for $2 million in August 2015.[18]

In June 2015, Housing.com then-CEO Rahul Yadav accused Sequoia India MD Shailendra Singh of poaching Housing.com staff.[19] Subsequently, he was asked to leave the company altogether, citing objectionable behaviour.[20][21] Rishabh Gupta was temporarily in charge, before being replaced byJason Kothari in November 2015.[22]

Product

[edit]

Housing.com lists properties submitted by users, either brokers or owners, on an interactive map.[6] Search results are filtered by available rooms, lifestyle ratings, child friendliness index (CFI), and area-based pricing.[2][3][7][9][23]

The company has mapped approximately 650,000 houses in India.[4][12]

Housing.com's Data Science Lab (DSL) has generated a number of "Heat Map" algorithms and demand flux maps based on these filters.[13][9][5][10]

References

[edit]
  1. ^abShravan Bhat (12 February 2014)."housing.com: Born Out of its Founders House Hunt".Forbes India. Retrieved30 July 2014.
  2. ^abcRebecca Grant (6 June 2014)."Funding Daily Prism". Venture Beat. Retrieved30 July 2014.
  3. ^abcdVictoria Ho (6 June 2013)."With $2.5M Injection from Nexus, Indian Housing Marketplace Launches in Bangalore". TechCrunch. Retrieved30 July 2014.
  4. ^abcNikita Peer (23 June 2014)."housing.com toying with algorithms for old-age friendliness, pollution index & helping find girl friends, too". Tech Circle. Retrieved30 July 2014.
  5. ^ab"Real Estate portal housing.com launches Price Heat Maps feature". India Digital Review. 7 October 2013. Retrieved9 July 2014.
  6. ^abPritam P Hans (April 2013)."Building Search". Business Today. Retrieved30 July 2014.
  7. ^abSamidha Sharma (4 January 2014)."Helion may lead $8M investment in housing.com". Times of India. Retrieved30 July 2014.
  8. ^Biswarup Gooptu & Kala Vijayraghavan (11 June 2014)."With fatter paychecks, startups rope in more talent than big cos like IBM, HUL". Economic Times. Retrieved30 July 2014.
  9. ^abcSainul K Abudheen (15 November 2013)."Nexus Venture-backed real estate portal housing.com adds 'child friendliness index' to its site; what's new?". Tech Circle India. Retrieved30 July 2014.
  10. ^abAnand Rai (7 October 2013)."Nexus-backed real estate portal housing.com launches price heat maps; what's on offer?". Retrieved30 July 2014.
  11. ^Chitra Rakesh (6 June 2013)."Nexus Venture Partners injects $2.5M in an Indian real estate startup". Retrieved30 July 2014.
  12. ^abPeerzada Abrar (20 June 2014)."housing.com founded by IIT graduates makes more room for growth, mops up rs 115 crore". [The Economic Times]. Archived fromthe original on 22 June 2014. Retrieved30 July 2014.
  13. ^abMalavika Velayanika (20 June 2014)."$19M funding for Housing.com ups the ante in tech war between real estate portals in India". Tech in Asia. Retrieved30 July 2014.
  14. ^"Startups focus on team composition to draw investors". The Economic Times. 3 June 2014. Retrieved30 July 2014.
  15. ^Diksha Dutta (25 April 2014)."Excl: housing.com raises close to $18M led by Helion Venture Partners". Tech Circle. Retrieved30 July 2014.
  16. ^Housing.com buys real estate forum IREF – timesofindia-economictimes. Articles.economictimes.indiatimes.com (26 March 2015). Retrieved 10 June 2015.
  17. ^Housing.com acquires Realty Business Intelligence for Rs 10 Cr. Tech.economictimes.indiatimes.com (12 June 2015). Retrieved on 2015-07-04.
  18. ^"Housing.com acquires HomeBuy360".The Hindu. 16 August 2015. Retrieved17 August 2015.
  19. ^Investors considering to remove Housing.com co-founder Rahul Yadav as CEO: Sources – timesofindia-economictimes. Articles.economictimes.indiatimes.com. Retrieved on 10 June 2016.
  20. ^"Housing.com CEO Rahul Yadav sacked by board after email leak".The Indian Express. 1 July 2015. Retrieved21 December 2015.
  21. ^"Housing.com CEO Rahul Yadav fired - Times of India".The Times of India. Retrieved21 December 2015.
  22. ^"We are putting the house back in order: Housing.com's new CEO".livemint.com/. Retrieved21 December 2015.
  23. ^Ashish Sinha (21 January 2014)."Startup Housing.co.in takes a brilliant data based approach to house hunting". Next Big What. Retrieved30 July 2014.
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