Mumbai based property search portal Housing.co.in has raised a second round of funding from former Network 18 CEO Haresh Chawla.
The startup had raised an undisclosed amount from a group of angel investors led by Zishaan Hayath, the co-founder of Chaupati Bazaar three weeks ago.
Advitiya Sharma, Co-Founder Housing.co.in, shares that at the time of the meeting, they weren’t looking for funding.
“Having just raised our first round some time back, we weren’t looking to raise money this early. But Haresh ji 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.”
“One look at the company will tell you that they have a very differentiated product and solves an actual consumer problem,” Mr Chawla told NextBigWhat. He, however, declined to disclose the amount of investment made in the startup.
Chawla is a partner at India Value Fund Advisors, a private equity firm which invests in media and entertainment mostly.
Advitiya Sharma, the co-founder of Housing.co.in had told NextBigWhat in an earlier interaction that the startup has plans to expand beyond Mumbai in a few months.
The site taken a data and map based approach to real estate hunting. It gives you information on the location like the aminities around it and other details overlayed on a map so you can decide even before actually visiting the place. The startup charges a subscription fee (bi-annual and annual) to brokers which allows them to upload unlimited listings on the website. Listings for landlords is free for now.
The company has also recently introduced buy and sell features on their platform.