One of the India’s largest property portals Housing.com on Tuesday announced that it has raised $90 million from Japan’s SoftBank .
Existing investors including New York-based hedge fund Falcon Edge Capital, Nexus Venture Partners, Helion Venture Partners among others may also participate in this funding round.
The company will use the funds to map over 40 million houses across 300 cities in India and provide on-off buttons to home owners and agents.
“Ever since we started the company we had a huge vision, to help millions of people struggling to find real estate that meets their requirements perfectly. We have put in all our focus into building great products and mapping every single house in the country, on the platform,” its co-founder Advitiya Sharma said.
Housing.com has raised more than $121 million in 5 funding rounds in the last two years. Currently, it provides searches in 45 cities in India.
Commenting on the deal, SoftBank Corp vice chairman Nikesh Arora said, “The Housing.com team has a great vision and deep insight into what it takes to build great products, and transform the way people research and transact in real estate. We look forward to working with and supporting its growth.”
Last month SoftBank invested $627 million in Snapdeal and $180 million in Ola.