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SoftBank invests $90 mn in property portal Housing.com

SoftBank’s recently invested $90 million in a funding round for Locon Solutions, the company behind India’s Housing.com property portal, reports TechCrunch. SoftBank, which is reportedly the company’s largest shareholder now, led the funding round, with additional participation from Falcon Edge and other undisclosed investors. 

SoftBank’s recently invested $90 million in a funding round for Locon Solutions, the company behind India’s Housing.com property portal, reports TechCrunch. SoftBank, which is reportedly the company’s largest shareholder now, led the funding round, with additional participation from Falcon Edge and other undisclosed investors. 

This new round takes Housing.com to $121 million in investor money over the past two years. Housing.com covers more of India and is entirely focused on connecting viewers with potential leasings and sales.

Housing.com claims its service includes over 350,000 properties and 15,000 new developments across 45 cities in India. It uses a map-like layout and various search filters to provide a visual take on potential property for users, including photos and further data for each listing.

Co-founder Advitiya Sharma said in a statement that the new money will further Housing.com’s aim to “help [the] millions of people struggling to find real estate that meets their requirements perfectly.”

“We are big believers in India’s digital future and its potential to improve peoples’ lives. TheHousing.com team has a great vision and deep insight into what it takes to build greatproducts, and transform the way people research and transact in real estate,” SoftBank Vice Chairman Nikesh Arora told TechCrunch.

 

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