AVCJ

Nexus invests $2.5m in Housing.co.in

  • Mirzaan Jamwal
  • LinkedIn  
  • Google plus  
  • Save this article  

Nexus Venture Partners will back Indian real estate search portal Housing.co.in with $2.5 million in funding to help expand its technology and data teams.

The 11-month-old start-up uses a map interface to list properties in Mumbai, Pune, Gurgaon and Hyderabad. It provides information like amenities in the area and other details overlaid on a map to help users with better decision-making.

The portal will enhance this data capability with features like area-based pricing and building ratings. The funding will also go towards a headquarters for the 30-member technology team and the creation of a data science lab offering insight and research reports to customers.

Housing.co.in was founded by students at the Indian Institute of Technology - Bombay. It has received two rounds of angel funding this year - from a group led by Zishaan Hayath, the co-founder of Chaupati Bazaar, and from Haresh Chawla, a partner at India Value Fund Advisors.

In the same segment, online real estate portal PropTiger raised $5 million from Accel Partners and SAIF Partners in April 2012.

Accel has also backed a property search portal called Commonfloor. It was first funded in 2009, and received a Series B round to expand business operations in 2012 from Accel and Tiger Global Management.

  • LinkedIn  
  • Google plus  
  • Save this article  

More on South Asia

Latest News

world-hands-globe-climate-esg
Asian GPs slow implementation of ESG policies - survey

Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...

  • GPs