Housing.Com targets $10 mn revenue this fiscal

Online real estate platform Housing.Com said on Sunday that it expects $10 million revenue in the current fiscal.

"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," the company said in a statement here.

Started in 2012, Housing.Com, which had decided to monetise its products as part of the restructuring exercise last year, has raised over $100 million from various investors including Softbank.

The company 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 sales efforts.

In addition, it is offering customised digital marketing services to large developers to drive home sales and build developer brand equity.

The platform has 11,000 developers and 18,000 brokers active, "so there is large monetization growth and upside that can be derived from just the existing customer base", the company said.

--IANS

bc/vd