Housing.co.in closes second round of funding, over dinner from Haresh Chawla, Ex CEO Network 18

MUMBAI, India - March 15, 2013 - PRLog -- Housing.co.in closes second round of funding, over dinner from Haresh Chawla, Ex CEO Network 18

Mumbai, 13th March, 2013: Mumbai based Housing.co.in raised a second round of funding in less than a month of its previous investment. Over a dinner meeting with former Network 18 CEO, Mr. Haresh Chawla, the team closed on the funding deal.

Advitiya Sharma, Co-Founder Housing.co.in, shared that at the time of the meeting, they weren’t looking for funding. He said, “Having just raised our first round some time back, we weren’t looking to raise money this early. But Haresh ji expressed his interest in our product and was really impressed with the team. He liked the speed at which we execute and by the end of the dinner, we had closed on our second round of funding.”

Advitiya further shared that the investment has done the team’s confidence a great deal of good. He says, “the manner in which the investment happened and moreso, the person who’s behind the investment has really got everyone in the team pumped up. Haresh Ji has done quite a lot through his career and we’re really excited about the prospect of working with him.”

Housing.co.in currently caters for renting property. Advitiya shared that the portal will now also feature a Buy and Sell option. He says, “We are primarily focusing on Rentals, but have received a plethora of requests from consumers and brokers and so we decided to launch it.”

While announcing their previous round of funding, Advitiya had already expressed intentions of expanding Housing.co.in’s service to other cities. They went about deciding the next city where they’d launch in a very clever way. Advitiya said, “We ran a Facebook poll, asking where our users would like to have our services next. We were overwhelmed with the response. Over 50000 people voted and Hyderabad emerged as a clear winner with a whopping 17000 votes. It’s great that our users are telling us where to go next and we’re really loving it.”

We have found a great mentor in Mr. Haresh Chawla and are really excited to have him on-board.

Haresh Chawla, who has invested in Housing.co.in on his own capacity. To him, Housing.co.in’s world class product and team were the main drivers behind this quick decision to invest. Mr Chawla quoted “This is a start-up team which executes at a phenomenal speed. This is a young and smart team working on a great product, that is really solving the users problem. This isn’t just some listing of properties. The kind of features that it has is comparable to any international product in the same category, let alone Indian.”

Haresh believes that the key to Housing.co.in’s success lies in penetrating more markets, and has expressed great faith and confidence in the team’s ability to execute this.

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