Housing.Com, which competes with the likes of Rupert Murdoch-backed PropTiger, Magicbricks and Commonfloor, said it is building scalable revenue streams around its product.
"Housing.Com has secured a fresh round of funding from Softbank, its largest investor. The new Rs 100 crore infusion will well-capitalise the company to drive its new strategy and growth plans," the Mumbai-based firm said in a statement.
In December 2014, Softbank had led a USD 90 million funding round in Housing.Com. It had over 30 per cent stake in the portal. However, neither parties disclosed the increase in stake after the fresh infusion.
SoftBank had said last week that it may scale up its planned investment of USD 10 billion in the coming years as the telecom and Internet giant sees the "beginning of Big Bang" for the world's second most populous market.
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SoftBank, had in 2014, announced plans to invest USD 10 billion in India over a decade. It has already put in USD 627 million into online marketplace Snapdeal and other companies like Housing.Com and Ola.
"Softbank is one of the world's largest and most successful investors... (It) signifies their long-term commitment to the company. We are now well-capitalised to aggressively execute on our focused strategy and growth plans," Housing.Com CEO Jason Kothari said.
Housing.Com has decided to focus on buying and selling homes, the largest and most lucrative segment of the real estate market, and the funds will be deployed towards the same. Earlier, its focus was on listings of properties.
The funding has come after restructuring of Housing.Com operations after the exit of its co-founder and former CEO Rahul Yadav from the firm in July last year.
In November, it named Jason Kothari as its CEO. Later in the same month, it decided to restructure its business to focus only on buying and selling of apartments and also reduce its employee strength.
Yesterday, it announced the appointment of its co-founder Snehil Buxy as its chief product officer.
Hired in 2014 after his over 10-year stint at Google,
Some of his deals were, however, criticised by shareholders while some others questioned his compensation and qualifications.
He received USD 135 million pay package including a joining bonus in 2014-15, and was paid USD 73 million last year.
SoftBank, burdened with USD 80 billion debt, has been on a selling spree in recent weeks. This month, it sold USD 10 billion worth of shares in Alibaba as well as most of its shares in Japanese gaming company GungHo Online Entertainment in a deal valued at about USD 685 million.
Ola co-founder and CEO Bhavish Aggarwal said Arora has been "a great friend, guide and mentor to me personally".
"I am sure he will continue to be a source of support and inspiration to the Indian startup ecosystem. I look forward to engaging with him in his role as an advisor to SoftBank in the time ahead," Aggarwal added.
SoftBank had led a USD 210 million funding round in Ola in October 2014. Since then, it has participated in subsequent fund raising as well.
"SoftBank, as an investor, has played a key role in Ola's growth story and we will continue to leverage the vast network and expertise that they bring to us as partners," Aggarwal said.
Arora, in a tweet, said he has sold those shares to Son, incurring a "small loss".
Reports said Arora did not want to be re-elected as a representative director and has also stepped down from his post of Chairman from Yahoo Japan.
He also reportedly resigned from his position as Director of Sprint, a US-based telecom firm that SoftBank acquired.