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Elara acquires home rental platform FastFox for nearly $14.5 million

1Apr By AdityaNo Comments

ACQUISITION

Elara acquires home rental platform FastFox for nearly $14.5 million

Elara Technologies, which owns three realty portals Housing.com, PropTiger and Makaan has acquired home rental brokerage platform FastFox.com at a valuation of nearly Rs 100 crore as part of its growth plans. After this acquisition, Singapore-based Elara entered into the online-to-offline home rentals space that has a market size of over Rs 20,000 crore. About Elara Technologies funding, the realty market based platform has raised $105 million so far from investors as equity. It also raised $35 million debt last year for organic and inorganic growth. "Until now we were in the home rentals market through listings on both our platforms, Housing.com and Makaan.com. With this acquisition, we will now provide end-to-end on-ground assistance to both landlords and tenants in collaborat...

Easytenants: An Entrepreneur’s Personal Experience as a Single Tenant in India Turned into an Amazing Business Idea

12Sep By Saumya SunderNo Comments

Story

Easytenants: An Entrepreneur’s Personal Experience as a Single Tenant in India Turned into an Amazing Business Idea

Single and Still in Trouble!! Back in 2011, Parikshit Agarwal felt awesome as he packed his bags for Hyderabad to work with Microsoft as their campus hire. Being an IIT Bombay Alumnus, his reputation was something that surpassed an introduction. All of that lay behind him as he went house hunting in the city. Parikshit wanted a great place to stay, however, he discovered that most housing societies did not allow him to stay as he was a bachelor and brokers showed him flats that were either too far or not up to his liking. He thought to himself, “I should work on a business idea that enables single people to find better places to stay”. For the next three years, he got engrossed in his work, with his idea lingering in his mind. After having researched on his business idea for 4 years by m...

Housing.com Target $10 mn Revenue in 2016

30May By PriyankaNo Comments

News

Housing.com Target $10 mn Revenue in 2016

Housing.com , which has raised over $ 100 million from various investors including Softbank and has restructured the business, today said it expects $ 10 million revenue in the current fiscal. Last November, it had decided to monetize its products as part of the restructuring exercise. "Housing.com is receiving an overwhelming response to the products it launched in January with revenue growing 200 percent month-on-month and the company on track to achieve $10 million in revenue this fiscal year," it said in a statement. After the company decided to focus its business on home buying and selling, Housing.com said it has started a series of digital advertising products for developers and brokers to provide maximum customer exposure and return on investment for their home sal...

Media is Not Foolish Mr. Rahul Yadav, Mind Your Own Business

12May By NitishNo Comments

Story

Media is Not Foolish Mr. Rahul Yadav, Mind Your Own Business

"Rahul Yadav" a name which does not require any kind of introduction. From last 6 to 7 months, this name is promoted by the person himself through his own activities on social media and in media. Why? Let's start from the beginning, 1) Rahul Yadav is an IItian who left IITB in his last year. He started Housing.com with his 11 IITian friends and raised million dollar funding from Softbank & others. The Company was running smoothly, until one day he wrote an open letter to Mr. Shailendra Singh from Sequoia Capital warning him to stop activities against him. The "Rahul Saga" starts from here but the question is why open this letter to media? Ok let me guess might be someone else did this but if Rahul Yadav did it then why? 2) During leaving Hosuing.com, he ...

After Rahul and Advitiya, 3 More Co-founders Quit Housing.com

22Apr By PriyankaNo Comments

News

After Rahul and Advitiya, 3 More Co-founders Quit Housing.com

Abhishek Anand, who was the Chief Technology Officer, Sanat Ghosh, who was the AVP Product, and Ravish Naresh, who was CEO of Indian Real Estate Forum are the latest three co-founders of Housing.com quits. They will start their new venture, according to the company source. "Abhishek, Ravish and Sanat played an important role in building the foundation of Housing.com. They are moving out to pursue their new dream of starting another new venture. I sincerely thank them for their contributions and wish them the very best. I am sure what they undertake next will be as exciting as Housing." said Jason Kothari - CEO, Housing.com in an emailed statement. Apart from the quitting side, in the latest development, Housing.com received an undisclosed funding from the former business head of 99Acr...

Why Ecommerce Giants Like Kunal Bahl, Sachin Bansal Are Backing Entrepreneurs As “Super Angel”

23Sep By No Comments

News

Why Ecommerce Giants Like Kunal Bahl, Sachin Bansal Are Backing Entrepreneurs As “Super Angel”

Saras Agarwal's main agenda at a networking event early this year was to meet Zishaan Hayath, cofounder and chief executive of education technology startup Toppr. The associate vice-president at VenturEast, among India's oldest venture capital firms, wasn't looking to invest in Toppr but discuss startups Hayath had put his money into. "It was a general meet-up from the point of view of deal flow to understand what kind of startups (Hayath) is interested in," Agarwal said. Hayath represents a widening pool of so-called super angels — reputed startup founders who are increasingly becoming the first port of call for entrepreneurs seeking money for their emerging businesses, having been among the earliest to bet on consumer Internet companies such as Ola, Housing, TinyOwl, Grofers and Delhi...