Knowledge Partners


 Basiz Fund Service    Economic Laws Practice    Avalon Consulting  

 Spark Capital    Tatva Legal   

June 04, 2013

Deal Alert: Nexus Venture Partners invests in Housing.co.in

Housing.co.in secures $2.5m funding from Nexus Venture Partners
To establish Data Science Lab (DSL) and develop breakthrough new technologies


Housing.co.in, the fastest growing completely map based real estate search portal announced that it has raised $2.5mn of funding from Nexus Venture Partners, India’s leading VC fund. Housing.co.in has revolutionized house hunting through its unique and exceptional user interface which empowers users with the ability to view a house without necessitating physical presence.

Housing.co.in was founded eleven months ago by a group of IIT Bombay students who chose to invest in their brainchild with the intention of disrupting the online real estate market with best in class data and technology. The current round of funding will allow the company to aggressively expand its technology and data sciences teams with over 30+ IITians in these teams.

Housing is perceived as a unique portal thanks to its outstanding UI and interface. But it's real strength lies in its data and since its inception the company has been obsessed with its data approach. The Data Science Lab will develop features like Area based pricing, society ratings etc. The company is also building large headquarters for the technology team which will be a major investment.

Advitiya Sharma, Co-founder, Housing.co.in, says, “We are very happy to partner with and receive mentoring from India’s leading VC, Nexus Venture Partners. Their experience in building high technology companies in India and abroad is what attracted us. We were just amazed by the speed of their decision making and trust they had in our team”.

Suvir Sujan, Co-founder , Nexus Venture Partners, says, “The Housing team is disrupting online search for home buying and renting in India like never before. We were very impressed with the vision, passion and speed of execution of the founding team and we are excited to partner with them”.

About Housing.co.in 

Housing.co.in aims to transform the Indian real estate industry which is currently crippled with data inaccuracy. We believe that with the right technological tools, home search can become pleasant and informative. 

We keep innovating ways to make home search smooth, fast and intuitive. Looking for an apartment in a certain neighborhood or just close to your favorite coffee joint? Get started! Our unique map based user interface keeps unnecessary apartments out of the way and lets you visually focus on just the neighborhood you are interested in. Accurate data about neighborhood, commute route to bus stations, train stations along with photos of every apartment listed on our website ensure that you end up visiting only those flats that you fancy!

We are just beginning. We'll keep making cool tools to make your home search experience even better. Stay tuned!

About Nexus Venture Partners 

Nexus Venture Partners (www.nexusvp.com) is India’s leading venture capital fund, with offices in India and Silicon Valley. Nexus team consists of entrepreneurs who have founded and scaled large global companies. The team has invested in a variety of companies leading to numerous successful public offerings and M&A transactions. It has over $600mn under management with an active portfolio of over 45 companies across Technology, Internet, Media, Consumer, and Business Services sectors. The Nexus team plays an active role in helping entrepreneurs and management teams build market leading businesses.

Nexus partner companies include cutting edge internet and technology companies such as Gluster (Open source cloud storage, acquired by Red Hat), Pubmatic (Publisher Ad revenue optimization), DimDim (Open Source Web Conferencing acquired by Salesforce.com), Snapdeal.com (Ecommerce), MapMyindia (Digital Navigation), Netmagic (Managed Services and Cloud infrastructure provider, acquired by NTT), Komli (Online ad network), Prana (Animation services), Druva (computing End-point protection), Unmetric (Social media analytics for business applications). 

Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India. Click Here to view our products list including the Free Deal Digest Weekly: India's First & Most Exhaustive Transactions Newsletter.