Plat is an online network for agents, whereas BigBHK is a property management software targeted at rental suppliers
Mumbai-headquartered online real estate major Housing has acqui-hired two startups — Plat, an online network for agents and BigBHK, a property management software targetted at rental suppliers.
The transactions details remain undisclosed.
The latest deals come a month after Housing acquired 100 per cent stake in HomeBuy360 – a cloud-based sales lifecycle management platform that connects developers, agents and buyers — for US$2 million.
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Housing said in a statement that Plat will help Housing drive efficiencies in communications and operations, such as posting leads and enhancing property showcase experience, thereby closing deals faster.
BigBHK, on the other hand, empowers its partners to manage their property portfolios with a web-based property management solution. Using its technology, partners can streamline their realty life cycle encompassing rental accounting, e-invoicing, record management, complaint tracking, reports, and inventory management.
From an end consumer’s standpoint, BigBHK provides tenants access to a free platform to raise complaints, track rent dues and maintenance amount on a monthly basis. BigBHK currently has operations in Bangalore, Hyderabad and Pune.
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“The acqui-hirings of Plat and BigBHK add immensely to our talent pool, which in turn will empower our partners and consumers to better manage their property portfolio ensuring convenience and transparency. This is in line with our strategy moving forward of focusing on the core of our business,” said Rishabh Gupta, interim CEO and COO of Housing.
Started in 2012 by a group of IITians, Housing has grown from its original rent and resale proposition to include paying guests (PGs) and hostels, serviced apartments, land, plot projects, and new projects. The firm provides users with unique information including child-friendliness index, quality of life, and others.
It currently has more than 2,550 employees in over 100 cities across India.
The real estate platform has raised over US$120 million so far from a slew of international and domestic investors, including Softbank, Falcon Edge, DST Global, Qualcomm, Helion and Nexus Venture Partners.
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Housing has been making headlines for the wrong reasons recently over the ousting of its CEO Rahul Yadav and reports of the company planning to lay off around 600 of its employees.
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