Housing.com may raise $30 million from Tybourne Capital, Yuri Milner
Advitiya Sharma, co-founder of Housing.com, had said that the company was on track to map 1 crore houses in the next two years
Sep 19, 2014
Source : The Economic Times
Housing Projects


BANGALORE: Property portal Housing.com is in talks to raise as much as $30 million (about Rs 180 crore) from existing and new investors including Russian venture capitalist Yuri Milner in his personal capacity and Tybourne Capital, two people with direct knowledge of the development told ET.

Milner, who founded investment firm DST Global, has backed companies like Facebook, Twitter and, most recently, Flipkart in India. He is aggressively looking to expand his fund's portfolio in India, according to industry sources. Yuri Milner and Tybourne Capital declined comment. The new round of funding will be used for acquisitions, hiring talent, building technology and in creasing branding and marketing activities at Housing.com, which has so far raised .

Rs 138 crore in four rounds of funding from investors such as Helion Venture Partners, Nexus Venture Partners and Qualcomm Ventures.

A spokesman for the company declined comment.

However, in an earlier interview with ET, Advitiya Sharma, co-founder of Housing.com, had said that the company was on track to map 1 crore houses in the next two years. The portal has just launched its home loan section, which lets you compare multiple options among various banks and customise the rates. Sharma, who is 24, and his friends set up the company when they could not find a suitable house in Mumbai after graduating from IIT Bombay.

The housing classifieds market is getting increasingly competitive, with companies like 99Acres and Magicbricks, which is owned by the publishers of this newspaper, competing with start-ups like Housing.com and Commonfloor, which are backed by venture capital funding.

"As the competitive environment in the real estate portal space heats up, a lot of VC money is going to come into portals that are competing with 99Acres," Sanjeev Bikhchandani, founder and executive VC of Info Edge.

Latest Realty News

Tata Capital Housing Fin eyes Rs 4,000-cr affordable loan book
Sep 19, 2014
Tata Capital Housing Finance is planning to grow its affordable housing loan portfolio to Rs 4,000 crore over the next three years from its present base of Rs 1,800 crore
DDA’s formula for cheaper, quick houses founded on ‘Prefab’
Sep 18, 2014
The promise of cheaper and quick delivery of housing units by the Delhi Development Authority (DDA) under its current housing scheme could be attributed in part to prefabricated technology, commonly referred to as ‘Prefab’.
DDA to pay Rs 50K for wrongly cancelling flat allotment
Sep 18, 2014
The Delhi Development Authority has been asked to pay Rs 50,000 compensation to a woman over a flat, whose allotment was cancelled, while noting that she was not informed in a proper manner
FDI in construction likely to be eased before PM Narendra Modi's US visit
Sep 18, 2014
Ahead of Prime Minister Narendra Modi’s visit to the United States next week, the government is expected to ease norms for foreign direct investment in the construction sector
One lakh houses for poor by 2016 in Punjab: Sukhbir
Sep 18, 2014
Punjab deputy chief minister Sukhbir Singh Badal announced construction of one lakh houses for economically weaker sections (EWS) at affordable prices. These houses would be ready by October, 2016
Prohibited zones: Contempt notices to DCs for illegal construction
Sep 18, 2014
The Punjab and Haryana high court issued contempt notices to deputy commissioners (DCs) of Gurgaon and Faridabad and commissioners of the two municipal corporations for their failure to stop illegal construction in the prohibited zones around air force stations in the two cities
'Checks can't stop illegal construction'
Sep 18, 2014
Illegal constructions in the city can't be stopped by "inspector raj" even if the court provided 500 policemen to the corporations, South Delhi Municipal Corporation told the Delhi high court
Draft Proposal to Make Delhi Buildings 'Green'
Sep 18, 2014
The developers in the national capital will henceforth be required to ensure the setting up of ground water recharge system through rain water harvesting, recycling waste water, sewage treatment plant and solar heating systems in buildings constructed on plots measuring 3,000 sq m or more, according to the guidelines for ‘green’ buildings proposed in Master Plan of Delhi-2021
Flexible PPP pact to woo industry for smart city
Sep 18, 2014
The Narendra Modi government is working on a “flexible” PPP (public-private partnership) model and efficient urban mobility schemes such as metro and monorail as the primary peg to realise its ambitious project to develop 100 smart cities
NRIs invest over $2 billion in Indian realty in 2013 on weak rupee
Sep 18, 2014
Non-resident Indians invested over $2 billion in Indian real estate in 2013, riding on the back of a weak rupee and heightened promotions by developers to attract them at a time when domestic demand was weak

Latest Realty News Of State

Realty Talk's