Apr 6, 2015

Housing.com Funding & Investors Info - Revenue Model

Housing.com is an Indian online real estate listing portal that simplifies finding, renting, and selling homes in India.

Startup Type
Real estate, Online Home Buy/Sell Portal, technology

June 2012

Founders of Housing.com
Rahul Yadav
Advitiya Sharma
Vaibhav Tolia
Ravish Naresh
Amrit Raj

Raised $90 mn  [Dec 2014]

Falcon Edge
Some Undisclosed Investors

Portal Spread
Maps 40 million houses over 300 cities

Finacial Numbers FY15
Revenue -Rs 1.9 cr
Loss - Rs.48.8 cr
Cash Burn rate - Rs. 50 to 63 cr

Revenue Model of Hosuing.com (source Parve Jain on Quora)

  • These agents are given opportunity to upload as many properties they want to upload.
  • According to their co founder they are developing two new verticals i.e . New projects section and land section which will be there to generate more revenues.
  • They get some percentage of profit when someone buys property through their portal.
  • The company has built a mapping tool and charges about 15,000 from agents for unlimited listings for a period of six months.
  • The company claims to have about 70,000 residential property listings at present. Earlier branded as Housing.com, the startup was funded with $2.4 million (about 15 crore) by Nexus Venture Partners last year.
  • The company used $1 million ( 6 crore) to buy the domain Housing.com as well as a customer care number 33333333 from Reliance Communications.
  • Housing.com is planning to expand overseas in markets such as South Africa, Dubai and the Philippines over the next two years.
  • The portal has around 6,000 broker-members, so they have already made 6000*15000=90000000 Rs.
  • Housing.com revised broker's charge from 7500 to 15000.

Recent Updates
Jun 2015
Housing.com says Rahul Yadav has not resigned as CEO

May 2015
Rahul Yadav resigned as CEO

Controversy with Sequoia Capital and Times Internet owned MagicBricks portal

Registered Company
Locon Solutions Pvt. ltd

Tags: About Housing.com, crunchbase, comapny info, revenue model, 


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