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2013-06-06

Real estate portal housing.co.in raises $2.5 m from Nexus Venture Partners

Real estate portal, Housing.co.in, recently announced that it has raised $2.5 m from VC fund, Nexus Venture Partners. The announcement came in a press release issued by the start-up portal.

Real estate portal, Housing.co.in, recently announced that it has raised $2.5 m from VC fund, Nexus Venture Partners. The announcement came in a press release issued by the start-up portal.

The online portal was founded eleven months ago by a group of IIT Bombay students 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.

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”.

“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 excited to partner with them,” said Suvir Sujan, Co-Founder, Nexus Venture Partners.

The company will establish Data Science Lab which will develop features like Area based pricing, society ratings etc. The company is also building large headquarters for the technology team which will be a major investment, the release stated.

It further added that the portal 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.

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