TechCrunch
SoftBank’s investment spree in Asia is continuing today after the company announced a $90 million round for Locon Solutions, the company behind India’s Housing.com property portal.
The Japanese telecom giant led the round in the property search company, with additional participation from Falcon Edge and other undisclosed investors. This new raise takes Housing.com to $121 million in investor money over the past two years. Notably, SoftBank said it is now the company’s largest shareholder, although it didn’t reveal the size of its investment/stake or Housing.com’s post-money valuation.
PropTiger raised $30 million from U.S. media giant News Corp just last month, showing that there is investor demand in India’s online real estate space. Unlike its rival, which covers 12 cities and offers consultancy and loan services in addition to search, Housing.com covers more of India and is entirely focused on connecting viewers with potential leasings and sales.Read More