FUNDING

Housing gets a breather from Softbank

Softbank has agreed to invest 100 crore INR in fledging real estate startups housing.com. Housing.com a startup built by ex IIT grads was in news last year for forced exit of Rahul Yadav who was then CEO and firing of many employees.

Housing.com was in troubled waters for many months for not being able to get enough traction for its maps based real estate portal. SoftBank which hold majority stake in the company was trying to find a buyer for this startup.

Earlier this year there was a news of snapdeal trying to buy housing.com but noting was confirmed.

IndianCEO’s Opinion

This ample funding for a big startup like this mainly looks like survival money and company will eventually look for a buyer. Considering the fact the traction  on housing.com is not as anticipated the sell out will yield losses to all the investors unless company finds a miraculous growth strategy.

Similar startup in this arena commonfloor was acquired last week by Quikr.

Want to be a guest author? Register Here to share your business knowledge with our readers.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

INDIAN CEO provides latest business news about Indian CEOs, startups, business, funding, founders, new ideas, technology, apps, gadgets

Stay tuned to get latest updates on startup business in India and listen right from heart of Indian CEOs.

Partner

AWS Activate Partner

Subscribe for Insider Updates

Get Stories delivered to your Inbox

Copyright © 2015 INDIAN CEO. A Indian business news magazine

To Top