Bangalore: Housing.co.in, a map-based real estate search portal, has raised a third round of funding of $2.5 million from Nexus Venture Partners.
The portal was founded 11 months ago by a group of students of the Indian Institute of Technology (IIT), Bombay, the company said in a statement on Tuesday.
The current round of funding will allow the company to expand its technology and data science teams with over 30 people from the IIT in these teams.
“We are very happy to partner with and receive mentoring from India’s leading VC, Nexus Venture Partners. Their experience in building high technology companies in India and abroad is what attracted us. We were just amazed by the speed of their decision making and trust they had in our team,” Advitiya Sharma, co-founder, Housing.co.in, said.
“The Housing team is disrupting online search for home buying and renting in India like never before. We were very impressed with the vision, passion and speed of execution of the founding team and we are very excited to partner with them,” said Suvir Sujan, co-founder, Nexus Venture Partners.