PropTiger, the online real estate listing and brokerage portal, is close to acquiring rival Housing.com, which is funded by Softbank in an all-stock deal, said people familiar with the deal.
Housing.com, founded by Rahul Yadav, shot to fame with a $90 million bet made by Nikesh Arora of Softbank in 2014, but failed to match expectations after Yadav squandered money and fought with investors and employees.
Yadav was sacked by the board in 2015 and since then, Housing has tried to sustain itself, shutting its rental arm -- the experiment to host images of available rental properties which made it famous.
Spokespersons of both