SoftBank moves another $15m into Housing.com

Jan 25, 2016 • Robert Lavine

SoftBank has followed a reported $70m investment in 2014 with another $14.8m for the online realty portal, also backed by Qualcomm.

Telecommunications and internet firm SoftBank has invested Rs1bn ($14.8m) in India-based real estate listings portal Housing.com, Hindu Business Line reported on Thursday.

Housing.com runs an online realty portal that has listed some 1.7 million properties since it was launched, and which registered roughly 85 million visits in 2015. The capital will support ongoing growth plans for the company.

SoftBank led a $90m round for in Housing.com in late 2014, reportedly acquiring a 30% stake in the process. Qualcomm Ventures,…

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