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Housing.com acquires Realty Business Intelligence for Rs 12-24 Cr

Softbank-backed firm Housing.com has acquired city-based start-up Realty Business Intelligence for an estimated Rs 12-24 crore.

According to a YourStory report, the acquisition will help the real estate portal strengthen its analytics capabilities to help consumers and investors make informed decisions about real estate purchases.

Softbank-backed firm Housing.com has acquired city-based start-up Realty Business Intelligence for an estimated Rs 12-24 crore.

According to a YourStory report, the acquisition will help the real estate portal strengthen its analytics capabilities to help consumers and investors make informed decisions about real estate purchases.

“Realty BI helps clients manage risks pertaining to collateral security and helps them make informed choices about projects. With this acquisition, Housing can offer better value proposition to its customers,” sources were quoted in the report as saying.

India Digital Review reached out to the Housing team but we did not get a response to our query. Merisis Advisors were the advisors to the deal, reports YourStory, citing sources.

Founded in 2013, Realty BI tracks real estate trends and creates collateral risk management tools through the use of technology. Its clients include banks and HFCs/NBFCs.

Two month back, we had reported that Housing.com had acquired Indian Real Estate Forum for 8 crores and reports suggested that it was looking to buy real estate analytics firm, PropEquity. Housing.com competes with the likes of CommonFloor, 99Acres and MagicBricks. Commonfloor was also in race for buying Realty BI.

Housing.com was started in 2012 by 12 fellow classmates at IIT Bombay and is seen as one of the most successful startups in the real estate space. Apart from the $90 million funding led by Softbank, Housing.com has investors like Helion Venture Partners, Nexus Venture Partners and Qualcomm Ventures on board.

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