The Loncon Solutions Pvt. Ltd, owed property website Housing.com today announced two acqui-hires for an undisclosed amount to boost its supply product portfolio. Housing acqui-hired Plat and BigBHK.
Post the acquisition, Plat’s founding team members (Chitransh Sahai, Gautam Prem Jain, Ayush Lodhi and Ankit Aggarwal) and BigBHK co-founders (Ankur Kumar and Atul Yadav) have joined Housing.com, the online reality portal said in a press statement.
Acqui-hiring is the process by which one company acquires another to gain access to its employees. In such an acquisition, the acquiring company may or may not have any interest in the target company’s products and services.
“With these acqui-hires, Housing.com acquires quality talent from premier institutions such as IIT Delhi and BITS Pilani including Chitransh Sahai, Gautam Prem Jain, Ayush Lodhi and Ankit Aggarwal from Plat and Ankur Kumar and Atul Yadav from BigBHK,” Housing.com said.
Plat will help Housing.com to help drive efficiencies in communications and operations such as posting leads and enhancing property showcase experience, thereby closing deals faster, the statement said.
While BigBHK helps the firm to help its partners to manage their property portfolios with a comprehensive web based property management solution.
BigBHK provides tenants access to a free platform to raise complaints, track rent dues and maintenance amount on a monthly basis. It runs successful operations across Bengaluru, Hyderabad and Pune and is soon foraying into Chennai.