Page 33 - IACC Newsletter March-April 2014 Issue 03

Basic HTML Version raises US$19M from Helion, Nexus and Qualcomm
The map-based home search portal will use the funding to expand new projects, extend its technology to new platforms, and
accelerate branding and marketing activities
Advitiya Sharma, Co-founder,
Residential property listing site has raised US$19M in its fourth round of funding from Helion Venture
Partners, Nexus Venture Partners, and Qualcomm Ventures. While Helion has invested US$8M, Nexus has pumped in
US$7M, and Qualcomm invested another US$4M in this round.
The latest pool of funding will be utilised to expand the company’s new projects, extend its technology to new
platforms, and accelerate its branding and marketing activities.
Advitiya Sharma, Co-founder,, said, “Our goal has always been to build a service that is loved and trusted
by hundreds of millions of people. Technology simplifies life, and that is what does with easy map-based
search. The additional funding reaffirms our growth story, and we will leverage the funding to increase our investment
in new projects and the backbone technology.”
He added, “Few months back, we used to list 200 houses per day, and now we list over 2,000 houses per day. Soon we’ll
be mapping 10k-12K houses every day.” plans to map one crore houses on its website over the next two years, the company said. Zishaan Hayath,
Co-founder, Chaupaati Bazaar led the first round of funding for Housing in 2012. This was closely followed by the
business tycoon, Haresh Chawla’s investment in the second round. In June 2013, the portal raised its third round of
US$2.5M funding from Nexus Venture Partners to build Data Science Lab. has recently completed its second year of operation, and has mapped over 80,000 houses in Mumbai, and
over 50,000 houses in Bangalore. It is now present in 25 different cities, wherein Ahmedabad, Jaipur, Indore, Nagpur,
Trivandrum, Kochi, Nashik, Vadodara, Surat, Vijaywada, Mangalore, and Chandigarh are the new additions.
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