Housing.com gets funds from Vineet Singh, former biz head of 99Acres.com

Housing.com has received an investment of an undisclosed amount from Vineet Singh, former business head of 99Acres.com. As part of Info Edge's executive leadership team for a decade, Singh built 99Acres.com and Naukri.com from start-ups to scaled companies, and he will now closely work with the Housing.com management team in a senior advisory role.

Vineet Singh

Vineet Singh, ex-biz head, 99Acres.com

Singh is a veteran in the real estate industry with a proven track record in the offline and online space to deliver high-growth results. Having spent a decade in the online space, he is a specialist in B2B and B2C marketplaces. Prior to joining Info Edge, Vineet worked with Xerox and Thomas Cook and is an expert in the areas of strategic planning, large scale execution, and sales & operations management. Currently, Vineet is Co-Founder, CEO & MD of Buildczar.com, India's largest marketplace for building materials and finishing products.

Jason Kothari, Chief Executive Officer, Housing.com said, “Vineet brings with him enriching experience, deep understanding of the ecosystem, and a decade of high-achieving sales leadership in the online real estate space. On board as a personal investor, Vineet will also serve as a senior advisor to the company working closely with the management team. We believe that his association will further fuel the ambitious growth plans of Housing.com.

“Housing.com has been a disrupter who has redefined the way consumers buy and sell homes in the marketplace. I look forward to further this company on its path to becoming the largest and most trusted player in the online real estate space," said Singh, Senior Advisor, Housing.com.

In January, the company  received 1 billion rupees ($14.7 million) in fresh funding from its largest investor SoftBank Group Corp, months after a restructuring that saw hundreds of job cuts at the real estate classifieds company. SoftBank last year committed to investing $10 billion in India over 10 years and CEO Masayoshi Son had said the Japanese conglomerate will accelerate investments into India.

Founded in 2012, Housing.com is a technologically innovative real estate platform that has raised over $100 million in capital from Softbank, Nexus Ventures, Falcon Edge, Helion Ventures, Nirvana Ventures, Qualcomm, DST founder Yuri Milner, Viacom 18 co-founder Haresh Chawla, Snapdeal founders Kunal Bahl and Rohit Bansal, among others.

Updated Date: Apr 04, 2016 10:57 AM

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