Housing.com confirms $90m SoftBank-backed round

Dec 18, 2014 • Robert Lavine

SoftBank is now the largest investor in Locon, the operator of real estate platform Housing.com, which also counts Qualcomm as a backer.

Locon Solutions, the operator of India-based online real estate search engine Housing.com, confirmed a $90m funding round on Monday led by telecommunications group SoftBank.

Reports late last month stated SoftBank had acquired a 30% stake in Locon by contributing $70m of a $100m round that also included Qualcomm Ventures, the corporate venturing arm of wireless technology provider Qualcomm, as well as Falcon Edge, DST Global, Helion Venture Partners and Nexus Venture Partners.

Locon did not disclose details concerning other…

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