Softbank backed Housing.com, owned
and operated by Locon Solutions Private Limited, is in advanced talks to
acquire Homebuy360.com, a Koramangala based RETech startup that connects
builders, brokers and buyers. Housing will pay close to Rs. 5 Crore for cloud
based Real Estate startup.
This is Housing third acquisition.
In May this year, it acquired Delhi based Realty Business Intelligence private
limited, an information portal focused on the realty industry for Rs.10 Crore. In
March, it acquired Real Estate focused online discussion platform, Indian Real Estate
Forum for Rs. 8 Crore. Earlier this year, it was seeking to buy real estate
data analytics platform PropEquity for an estimated deal value of around Rs.
80-85 Crore but later in May it called off the negotiations.
As of now, the company is present
in seven cities, including Bangalore, Mumbai, Pune, Hyderabad, Chennai, Nagpur,
and Delhi and has 35 real estate developers on board like Pride Purple, Vaswani
group, The Address Makers, PBEL, and Puranik Developers. The portal operates on
various revenue models for developers, including pay per user, pay over time,
pay as you sell and pay per project model.
No comments:
Post a Comment