As part of its efforts to grow through acquisitions, Housing.com is said to be in early stages of talks to buy New Delhi-based PE Analytics, a firm that owns online subscription-based real estate data and analytics platform, PropEquity.
The deal is yet to be closed, but multiple sources close to the development said the acquisition price was ₹80-85 crore.
“The companies are in talks, but at this point there is no assurance of the negotiations reaching a definitive conclusion. It will take some time before the companies can close the deal,” a source privy to the development told BusinessLine. He declined to be identified.
PropEquity provides data on more than 40 cities in India. A source said it tracks market trends and offers data and analytics to the real estate sector.
Advitiya Sharma, co-founder of Housing.com declined to comment, while an e-mail sent to PropEquity Founder and Chief Executive Officer Samir Jasuja remained unanswered.
Housing.com, run by Mumbai-based Locon Solutions, has been looking to acquire companies in the data and research space to strengthen its services. PropEquity will be a strategic fit for the online company.
Apart from PropEquity, the company was also in talks with other firms in the real estate data and analytics space. The names of these companies could not be immediately ascertained.
Housing.com is flush with funds, following a series of fund-raising exercises. It raised about $90 million (₹567 crore) in December from SoftBank. The map-based home search portal was started by a group of 12 students from IIT-Bombay in June 2012.
It raised an initial investment of ₹50 lakh in 2013 from a team of angel investors led by Zishaan Hayath, co-founder of Chaupati Bazaar, which was acquired by Future Bazaar.
Housing.com then raised ₹1.5 crore from former Network18 Chief Executive Officer Harish Chawla, and $2.5 million from Nexus Venture Partners.
In June, the portal raised ₹115 crore in its fourth round of funding from venture capital firms such as Helion Venture Partners (₹48 crore), Nexus Venture Partners (₹43 crore) and Qualcomm Ventures (₹24 crore).
The company, which serves 25 cities, including the metros, has more than 6,000 brokers listed.
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Trainings provide a child with the required discipline when working within teams as well as gives one the chance to follow what makes you happy. It also enables an overall development!
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This opportunity really came to my doorstep through Gera. My daughters Lavanya and Diya have had an enthralling experience being a part of not just one but three Academies (The Shiamak Davar Dan..
I cannot thank you enough for making our journey with Gera so so interesting and mind-blowing. I had never ever imagined my life taking a beautiful turn with me beginning to start my career as a music teacher that too with SMA (Shankar Mahadevan Academy) and all this has been possible only because of GERA and YOU my dear.
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Apart from that, Me and Prateek have always been grateful to you for making Shiamak happen for us and I ..
It was indeed a pleasure being a part of the Christmas celebrations at Astoria. Kudos to the Gera team for bringing in such a wonderful event with great carol singing participation from our own kids. It brought in the spirit of Christmas and the games, Santa, the gifts only added to it. Thanks for organising such a wonderful event which helped in community building...looking forward to many more such celebrations!..
The Christmas event organised at Astoria was a big success and a big step in bridging the gap between us and Gera. It was a memorable event as we are still in the beginning of our journey of life in our little home at Astoria. The kids have been the happiest of all and what more can we ask for when we see smiles on the faces of our little ones. Kudos to you and your team for making this event a huge success! Looking forward to many more in the years to come...
The Christmas party organised by Gera at Astoria this year was a great success with good participation from kids and parents. Our children Sia and Saish enjoyed the party to the fullest. Sia, in particular, had a gala time and reiterated her stand that Anita aunty's parties are THE BEST.... We as your customers take much pride in informing our friends that such goodwill gestures are one of the many differentiators Gera brings to us, which no other builder in Goa can boast of. Many thanks to you and your team for doing an excellent job in putting up this event. We look forward to the next one! A big thanks to the Gera Management for its efforts in community building...