According to a TechCircle (VCCircle) report, Housing.com offered around Rs 80 crore for the company which recorded revenues of Rs 13.7 crore in 2014 and misfortunes of Rs 70 lakh.
PropEquity was begun by founder and CEO Samir Jasuja, it is an online subscription based real home data and investigation stage covering more than 45,000 tasks of 8,200 designers crosswise over more than 40 cities in India. The firm includes pretty nearly 500 undertakings consistently. As of now, the company has more than 250 representatives.
Housing was propelled in 2012 by twelve of IITians including Advitiya Sharma. As of late, it had made a tie up with Tata Value Homes to offer homes online utilizing its website, further it dispatched another gimmick 'Slice View' to give home purchasers an intelligent investigation of a venture before making a booking.
Till date, Housing.com has secured an aggregate subsidizing of over USD 121 million in 5 rounds of financing. In December 2014, the Japanese venture company SoftBank had affirmed driving a USD 90 million round, with investment from Falcon Edge Capital in Housing.com. As of now, it gives seeks in 45 cities with a vicinity in western and southern India.
Keeping in mind the end goal to fortify its vicinity in India, Japanese telecom and internet enterprise, Softbank has invested USD 627 million in Snapdeal. Softbank had likewise as of late invested USD 210 million in Indian cab administration aggregator, Olacabs. As a component of the arrangement, Nikesh Arora, Vice Chairman of Softbank Corp. also CEO of SIMI will join the board of Snapdeal.
Prior, Snapdeal had secured USD 100 million in May 2014 and got an undisclosed amount from Ratan Tata in August in the not so distant future. The most recent round brings the aggregate capital raised by the company near USD 1 billion.
The raised stores is required to be utilized to extend the company business in the nation, both naturally and through acquisitions. Snapdeal was established in 2010 and as of now claims to have more than 25 million enrolled clients and around 50,000 business sellers with a grouping of 5 million+ products over 500+ differing classifications from different territorial, national, and global brands and retailers.
Its stage conveys administrations to 5000+ cities and towns in India and has seen 600 percent development from 2013-2014. According to Yourstory report, Kunal Bahl, Co-organizer and CEO of Snapdeal said, "Our whole group at Snapdeal is excited and respected to have Softbank as a key accomplice. With the support of Son-san and Nikesh, we are confident we will further fortify our guarantee to consumers and make life changing experiences for 1 million little businesses in India."
Additionally, Nikesh said that with today's advertisement Softbank is helping the improvement of the framework for the digital future of India, and it needs to support the pioneers and ambitious people of the digital future.
