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Type of business | E-commerce, Real Estate, Classifieds |
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Available in | English |
Headquarters | Mumbai, Maharashtra, India |
Area served | India |
Founder(s) | Rahul Yadav |
CEO | Dhruv Agarwal |
Industry | Real estate |
Parent | REA Group |
URL | housing |
Launched | June 2012 |
Current status | Active |
Housing.com is a Mumbai-based real estate search portal which allows customers to search for housing based on geography, number of rooms, and various other filters. [1] [2] The company has 6,000 brokers and serves 40 cities in India including Chennai, Mumbai, Bengaluru, Kolkata and Delhi. [3] [4] [5]
A group of twelve students from the Indian 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 in Series 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]
In early March 2015, the company had a nationwide brand launch, and revealed its new brand logo, colours and brand philosophy; with the tagline 'Look Up'. The brand launch was advertised in national newspapers and hoardings in several cities across India; and notably, on the company's social media pages.
In June 2015, Housing.com then-CEO Rahul Yadav accused Sequoia India MD Shailendra Singh of poaching Housing.com staff. [16] Subsequently, he was asked to leave the company altogether, citing objectionable behaviour. [17] [18] Rishabh Gupta was temporarily in charge, before being replaced by Jason Kothari in November 2015. [19]
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] [20]
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. [5] [13] The CFI heat map shows child friendliness in a particular area and it measures neighborhoods on three different criteria: number of schools, number of hospitals and parks, and proximity of these facilities to the area. [9] The algorithms also demonstrate price variations in properties across the city. [5] [10]
Housing.com is also available as apps for Android and iOS. [6]
Housing.com acquired real estate discussion forum, Indian Real Estate Forum (IREF), for $1.2 Million [21] and Realty BI, a risk assessment firm for realty projects, for $2 Million. [22] Housing.com acquired HomeBuy360, a cloud-based sales lifecycle management platform, for $2 million. [23] They had been merged with Proptiger.
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