Housing.com may soon lose its ‘Indian only’ tag
Advertisement
When it rains, it pours. This is what is happening with Mumbai-based Housing.com. It is in negotiations with Chinese realty SouFun for either buyout or strategic investment.
Not only SouFun, China’s largest search provider, Baidu, has also shown interest inHousing.com , which was founded in 2012 by a group of IIT-Bombay students.
Investment from SouFun will give a major boost to the realty firm, which has been looking for new investors.
Meanwhile,SoftBank , which owns 32% stake in Housing.com, is expected to provide $30 million as a bridge round, sources told Economic Times.
After the ouster of cofounder Rahul Yadav in July, Housing.com has focused on building new products to boost income.
The company had also laid off 160 people.
Housing.com has attracted more than $120 million (Rs 760 crore) in funding and is valued at over Rs 1,500 crore.
Advertisement
Not only SouFun, China’s largest search provider, Baidu, has also shown interest in
Investment from SouFun will give a major boost to the realty firm, which has been looking for new investors.
Meanwhile,
After the ouster of cofounder Rahul Yadav in July, Housing.com has focused on building new products to boost income.
The company had also laid off 160 people.
Advertisement
Housing.com has attracted more than $120 million (Rs 760 crore) in funding and is valued at over Rs 1,500 crore.
Advertisement
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- 2 states where home prices are falling because there are too many houses and not enough buyers
- "To sit and talk in the box...!" Kohli's message to critics as RCB wrecks GT in IPL Match 45
- 7 Nutritious and flavourful tiffin ideas to pack for school
- India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030
- Top 5 places to visit near Rishikesh
- Indian economy remains in bright spot: Ministry of Finance
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market