Housing.co.in , a map-based real estate search portal, has raised $2.5 million (Rs 13.75 crore) venture capital funding from Nexus Venture Partners.
The search 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.
Formed by a group of IITians 11 months back, Housing.co.in will used the funds 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, says, “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”.
Suvir Sujan, co-founder, Nexus Venture Partners, says, “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”.