IndiaHomes announced that, in the largest ever investment in a real estate portal in India, it has received an additional investment of INR 150 crore in an investment round led by New Enterprise Associates (NEA) with participation from its existing investors Foundation Capital and Helion Venture Partners.
IndiaHomes, India's First Professional Property Broking Portal was set up in March 2009 with the vision of supporting customers aspiring to own a house by hand holding them through the complex process. The company’s vision is of “empowering” home buyers with “choice and voice” by using numerous cutting edge technologies to facilitate real estate transactions.
IndiaHomes is India’s first FDI funded real estate portal and also the first professional property services company in this sector to receive international Private Equity funding. Helion Venture Capital and Foundation Capital have already invested around INR 120 crore in the company.
Avendus Capital was the exclusive financial advisor to the transaction.
About IndiaHomes | NEA
IndiaHomes has revolutionized the business of property services by ushering in an era of professionalism,excellence, integrity and trust. The company offers a complete turnkey of services to its customers in both the primary as well as secondary market such as short-listing of suitable properties, comparisons of multiple properties, site visits, market analysis and unbiased recommendations and advice best suited to the specific needs of the customer. IndiaHomes provides end to end customer solutions through its value added services like expert documentation, finance and mortgage along with its core business of buying/selling/rental of residential properties.
IndiaHomes is the only company in this segment with a 1-800-1022-224 Toll Free number and interactive website wherein an inquiry generates a call with 5 minutes of receiving the call. The entire range of services is offered free-of-cost to the customer. IndiaHomes has tie-ups with over 500 of India's leading real estate developers and builders across all major cities in the country as well as 6 banks for loans. IndiaHomes is the only company in the real estate segment in India to use technology as a platform to enable customers to make informed decisions. The company is venture funded by Helion Venture Partners (www.helionvc.com) and Foundation Capital (www.foundationcapital.com).
NEA is a leading venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. With more than $13 billion in committed capital, the firm invests in information technology and healthcare companies at all stages in a company’s lifecycle, from seed stage through IPO. NEA’s long track record of successful investing includes more than 175 portfolio company IPOs and more than 300 acquisitions.
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