Indian property portal, Housing.com, has secured a fresh round of funding of Rs 100 crore (USD 20 million) from Softbank, its largest investor. The company said the funding will be used to drive its new strategy and growth plans.
“Softbank is one of the world’s largest and most successful investors. Their continued support as both investors and advisors to Housing.com is invaluable to us and signifies their long-term commitment to the company,” Housing CEO Jason Kothari said in a statement.
“We are now well-capitalized to aggressively execute on our focused strategy and growth plans and believe 2016 will be a great year for the company,” he added.
Prior to this investment, Housing had raised $139.5 million in total from four rounds of funding. Housing’s last round of funding was in December 2014 where it raised $90 million from Softbank with participation from Falcon Edge and other unnamed investors. At the time the company was valued at Rs 1,500 crore as indicated by this report by Economic Times.