DELHI: Realty portal Housing.co.in, started by a group of IIT Bombay students, today said it has raised $2.5 million of funding from Nexus Venture Partners.
"The current round of funding will allow the company to aggressively expand its technology and data sciences teams with over 30 IITians in these teams," a statement said.
Moreover, the company is also building a large headquarter only for the technology team, which will be one of the major investment.
"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. We were just amazed by the speed of their decision making and trust they had in our team," Housing.co.in Co-founder Advitiya Sharma said.
Housing.co.in was founded eleven months ago by a group of IIT Bombay students. The portal has a unique user interface which empowers users with the ability to view a house without necessitating physical presence.
"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," Nexus Venture Partners Co-founder SuvirSujan said.