Housing.com
Indian real estate search portal
From Wikipedia, the free encyclopedia
Housing.com is an Indian real estate search portal which allows customers to search for apartments for rent and sale.[1][2] The company has 6,000 brokers and serves 40 cities in India including Chennai, Mumbai, Bengaluru, Kochi, Kolkata and Delhi.[3][4][5]
| Type of business | E-commerce, Real Estate, Classifieds |
|---|---|
| Available in | English |
| Headquarters | Mumbai, Maharashtra, India |
| Area served | India |
| Founder | Rahul Yadav |
| CEO | Dhruv Agarwal |
| Industry | Real estate |
| Parent | REA Group |
| URL | housing |
| Launched | June 2012 |
| Current status | Active |
History
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]
Housing.com acquired real estate discussion forum, Indian Real Estate Forum (IREF), for $1.2 million in March 2015,[16] Realty BI, a risk assessment firm for realty projects, for $2 million in June 2015,[17] and HomeBuy360, a cloud-based sales lifecycle management platform, for $2 million in August 2015.[18]
In June 2015, Housing.com then-CEO Rahul Yadav accused Sequoia India MD Shailendra Singh of poaching Housing.com staff.[19] Subsequently, he was asked to leave the company altogether, citing objectionable behaviour.[20][21] Rishabh Gupta was temporarily in charge, before being replaced by Jason Kothari in November 2015.[22]
Product
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][23]
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.[13][9][5][10]