Housing.com has recently revealed in a statement that it expects $10 million revenue in the current fiscal. It has raised over $100 million in order to restructure its business from various investors that include Japan’s Softbank.
It was last November when Housing.com had decided to monetize its products as part of the restructuring exercise.
It said in a statement, “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 year.”
Founded in 2012, Housing.com is leading online real estate platform with 1.7 million verified homes listed to date. Jason Kothari, the Housing.com CEO, said that the company is about revenue position in the future.
After Hosuing.com decided to focus on home buying and selling, 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.
Furthermore, it is offering customised digital marketing services to large developers to drive home sales and build developer brand equity.
The company currently has 11,000 developers and 18,000 brokers active on its platform, “so there are large monetization growth and upside that can be derived from just the existing customer base,” said Kothari.
