News Corp-backed Mumbai-based property portal Housing.com claims its revenue has more than doubled last fiscal year, which is leading it, to become one of the top three players in the real estate classified business. Recently, a top company official said that in January of 2017, Singapore-based Elara Technologies, which owns PropTiger.com and Makaan.com, bought Housing.com -- a start-up founded in 2012 by around dozen IIT graduates -- in a major consolidation in the Indian online real estate business.
Apart from News Corp and its Australia-based group firm REA, Elara Technologies has SAIF Partners, Softbank and Accel Partners as major shareholders. It has raised USD 105 million so far from investors.
In Housing.com, we achieved 110 percent growth in revenue and 75 percent growth in traffic during the last fiscal," said Dhruv Agarwala, CEO of all three brands -- PropTiger, Housing and Makaan.
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