Mumbai based real estate portal, Housing.co.in has raised a second round of funding from former Network 18 CEO, Haresh Chawla. The amount remains undisclosed. In February this year, the startup has raised an undisclosed sum from a group of angel investors, led by Zishaan Hayath.
Advitiya Sharma, Co-Founder Housing.co.in, shared that at the time of the meeting, they weren’t looking for funding. “Haresh expressed his interest in our product and was really impressed with the team. He liked the speed at which we execute and by the end of the dinner, we had closed on our second round of funding. He has done quite a lot through his career and we’re really excited about the prospect of working with him,” he added.
Haresh Chawla said “This is a start-up team which executes at a phenomenal speed. This is a young and smart team working on a great product that is really solving the users’ problem. This isn’t just some listing of properties. The kind of features that it has is comparable to any international product in the same category, let alone Indian. Its success lies in penetrating more markets, and has expressed great faith and confidence in the team’s ability to execute this.”
Advitiya also shared that the portal, which currently caters for renting property, will now also feature a Buy and Sell option.
“We are primarily focusing on Rentals, but have received a plethora of requests from consumers and brokers and so we decided to launch it,” he said.
The company will now be expanding to Hyderabad which was chosen through a Facebook poll that the company ran.