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.
First of all I would like to thank you and the Gera team for organizing different workshops at our doorstep.
The best thing I have done to my kids is that I took a right decision to buy a flat in Gera.
Because of this decision , Vishnu could attend the development workshops that were conducted.
Vishnu was a shy child who didn't like to participate in any of the programmes.
As far as Dale Carnegie workshops is concerned it has given him a lot of confidence and was presenting things in a much better way and I can see a lot of improvement in him.In simple words u made a person(..
My son Tattva had been enrolled in the intermediate level and has been coached by the Vishwanathan Anand Chess Academy coach . Tattva has made remarkable strides and will be on his way to get his FIDE rating in November. A lot of credit goes to the mentor for his unique way of handling his students. He has been very patient while working with Tattva on his areas of improvement. In addition before the tournament the coach had voluntarily added additional classes and doubled his efforts to get a better performance out of Tattva. He has shown complete ownership which is commendable. I hope he continues to develop more and more chess players in the coming days...
It's a wonderful experience with the tennis academy and my daughter liked it. Also she is getting good training and love for the game.
The coaches are good and we would continue using their expertise for Nishita going onwards. We are also looking forward for signing (actually instrument) and dancing coaching too.
This is to share with you that both my little girls (Aditi Anisha) are really enjoying their Tennis classes at the Mahesh Bhupathi Tennis Academy.
I always find them very excited whenever there is TENNIS CLASS, and this excitement matters to both of us, as the kids seems to be interested.
It’s nice to see them constructively engaged, and coming home happy and having felt productive in their own child little way. It’s a great way for them to bond with other young ones and feel belonged to a larger community.
Thanks to You, Gera Developments and MBTA for giving our young ones, an opportunity for a wonderful learning experience.
Now they are looking forwar..
Regarding the workshops & different academy sessions, it has been wonderful experience so far for Shlok and we’re looking forward for the new opportunities.
It’s absolutely fantastic to have all these academies in the premises, and that too from the renowned personalities, so we can send kids without worrying about other factors like safety & all.
And most importantly, a big thanks to you for the lovely follow-ups & timely updates about the upcoming/ongoing sessions.