The telecommunications company paid $70m for a 30% stake in the online real estate listings company, which raised $100m in a round in which Qualcomm reinvested.
Internet and telecommunications firm SoftBank has led a $100m round for India-based real estate portal Housing.com at a $250m valuation, the Economic Times reported yesterday.
SoftBank contributed $70m of the $100m, acquiring a 30% stake in the process. The round also included Qualcomm Ventures, the corporate venturing unit of telecommunications technology producer Qualcomm, Falcon Edge, DST Global, Helion Venture Partners and Nexus Venture Partners.
The funding will support an expansion of the company’s business, with cash to be allocated to…
