Housing.com raises Rs 115 cr

Housing.com, the map-based home search portal, has raised Rs 115 crore in its fourth round of funding, from leading venture capital (VC) firms, Helion Venture Partners, Nexus Venture Partners, and Qualcomm Ventures.

Helion has pumped in Rs 48 crore, Nexus has invested Rs 43 crore, and Qualcomm, Rs 24 crore. The latest pool of funding will be utilised to expand the company's new projects, extend its technology to new platforms, and accelerate its branding and marketing activities. Over the next two years, Housing.com plans to map 10 million houses on their website.

"Our goal has always been to build a service that is loved and trusted by hundreds of millions of people. The additional funding reaffirms our growth story, and we will leverage the funding to increase our investment in new projects and the backbone technology," said Advitiya Sharma, co-founder.

BookMyShow raises $25 million

Bigtree Entertainment, which owns online entertainment ticketing property BookMyShow, has raised Rs 150 crore ($25 million) from new investor SAIF Partners. Existing investors Accel Partners and Network18 also participated in this round of funding. Network18 originally acquired 60 per cent in the firm for about Rs 20 crore.

Ashish Hemrajani, founder & chief executive officer of BookMyShow, said "Their (SAIF Partners) experience of having helped companies such as MakeMyTrip and Just Dial go public would be of immense value to us as we move forward in our growth plans. We are also very happy to have delivered value to our existing investors and the fact that both Network18 and Accel have further invested in this round shows their confidence in the company and the ability of the team to continue delivering and innovating."

Deepak Gaur, managing director, SAIF Partners, said, "We are confident that with the current round of capital raise, BookMyShow team will continue to strengthen the relentless focus on innovation, customer service and technology as our country takes rapid strides in internet penetration."

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