Housing.com acquires HomeBuy360

Mumbai based Real estate listing portal Housing.com has acquired Bengaluru-based customer relationship management software company HomeBuy360.
The software company was acquired in a cash deal of US 2 million dollars or 13 crore rupees. This deal will help Housing.com to strive for efficiency in the Indian real estate sector and to bring down their sales and operating costs.
HomeBuy360 was a cloud-based a sales lifecycle management platform company which facilitated connecting developers, agents and buyers. It also was niched in streamlining the entire real estate sales lifecycle, by managing customer relations, tracking inventory and in effect drives efficiencies in their sale operations.
This is the third acquisition by Housing.com so far this year i.e. 2015. Earlier, they had acquired Realty B, a company that allows property buyers and financial institutions to assess risks and take decisions. It also had acquired Indian Real Estate Forum (IREF), a platform providing property information to consumers.

About Housing.com

• It is real estate search portal established in 2012 by 12 students from the Indian Institute of Technology (IIT), Bombay.
• The company’s portal allows customers to search real estate listings based on geography, number of rooms, and various other filter.
• Presently, the company has around 6,000 brokers and serves in 40 cities across India including in Mumbai, Bangalore, Kolkata and Delhi.

Month: Current Affairs - August, 2015