Housing.co.in, the map based real estate search portal announced that it has raised $2.5 million of funding from Nexus Venture Partners, India’s leading VC fund. Housing.co.in has revolutionized house hunting through its unique and exceptional user interface which empowers users with the ability to view a house without necessitating physical presence.
The funds will be used in setting up a Data Science Lab (DSL) and developing new technologies.
The portal was founded less than a year ago by a group of IIT Bombay students who chose to invest in their brainchild, Hosuing.co.in with the intention of disrupting the online real estate market with best in class data and technology. The current round of funding will allow the company to aggressively expand its technology and data sciences teams with over 30+ IITians in these teams.
Housing is perceived as a unique portal thanks to its outstanding UI and interface. But it’s real
strength lies in its data and since its inception the company has been very obsessed with its data approach.
The Data Science Lab to develop features like area based pricing, society ratings etc. The company is also building a large headquarter only for the technology team which will be one of the major investment.
Advitiya Sharma, Co-founder, Housing.co.in, said, “We are very happy to partner with and receive mentoring from India’s leading VC, Nexus Venture Partners. Their experience in building high technology companies in India and abroad is what attracted us. We were just amazed by the speed of their decision making and trust they had in our team”.
SuvirSujan, Co-Founder, Nexus Venture Partners, said, “The Housing team is disrupting online search for home buying and renting in India like never before. We were very impressed with the vision, passion and speed of execution of the founding team and we are very excited to partner with them.”