Housing.com plans to Acquires Real Estate Data Product PropEquity

By dp2web
Housing Plans to Aquire PropEquity
Online real home portal, Housing.com is in converses with obtain Delhi-based real domain data product PropEquity for an arrangement measure of Rs 80 crore.

According to a TechCircle (VCCircle) report, Housing.com offered around Rs 80 crore for the company which recorded revenues of Rs 13.7 crore in 2014 and misfortunes of Rs 70 lakh.

PropEquity was begun by founder and CEO Samir Jasuja, it is an online subscription based real home data and investigation stage covering more than 45,000 tasks of 8,200 designers crosswise over more than 40 cities in India. The firm includes pretty nearly 500 undertakings consistently. As of now, the company has more than 250 representatives.

Housing was propelled in 2012 by twelve of IITians including Advitiya Sharma. As of late, it had made a tie up with Tata Value Homes to offer homes online utilizing its website, further it dispatched another gimmick 'Slice View' to give home purchasers an intelligent investigation of a venture before making a booking.

Till date, Housing.com has secured an aggregate subsidizing of over USD 121 million in 5 rounds of financing. In December 2014, the Japanese venture company SoftBank had affirmed driving a USD 90 million round, with investment from Falcon Edge Capital in Housing.com. As of now, it gives seeks in 45 cities with a vicinity in western and southern India.

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