March 24, 2017 3:47 AM ET

Internet Software and Services

Company Overview of Locon Solutions Pvt. Ltd.

Company Overview

Locon Solutions Pvt. Ltd., doing business as Housing.com, operates an online real estate platform in India. It offers real estate information services in the areas of flats and apartments for resale, flats and apartments for rent, paying guests and hostels, new residential projects, real estate agents, home loans, and rental agreements. The company also operates a cloud-based sales lifecycle management platform for the supply ecosystem of developers and agents with sales management, inventory tracking, call center management, leads, bookings, commissions, project handover, and more. In addition, it offers risk assessment by doing due diligence, project monitoring, business intelligence, and ...

3rd Floor, A Wing

Supreme Business Park Kensington Rear Exit Road

Hiranandani Gardens

Powai

Mumbai,  400076

India

Founded in 2012

Phone:

912-264-64077

Key Executives for Locon Solutions Pvt. Ltd.

Chief Business Officer
Senior Vice President of Strategy & New Business Initiatives
Chief Product Officer
Chief Product & Technology Officer
General Counsel
Compensation as of Fiscal Year 2016.

Locon Solutions Pvt. Ltd. Key Developments

PropTiger and Housing.com Come Together to Become a Large Digital Real Estate Company; Announces Executive Changes

PropTiger.com and Housing.com will come together to become India’s large online real estate services company. As part of the transaction, REA Group Limited will invest $50 million in the joint entity, with an affiliate of Softbank Group Corp, investing $5 million. Representatives of REA and Softbank will join the board of the joint entity, which will continue to be chaired by a News Corp. representative. Henry Ruiz, Chief Digital Officer, REA Group, Simon Barnett, Sales Director, News Corp. and Jonathan Bullock, MD, Softbank Group International will join Raju Narisetti (chair), Ravi Adusumalli from SAIF Partners and Prashanth Prakash from Accel Partners as investor directors on the board of the joint entity. Dhruv Agarwala, co-founder and CEO of PropTiger, will serve as CEO of the joint entity. Jason Kothari, CEO of Housing.com He will continue to be an advisor to the joint entity through the end of February, 2017.

Housing.com Appoints Vivek Jain as Chief Product & Technology Officer

Housing.com announced the appointment of Vivek Jain as Chief Product & Technology Officer. As part of his role, he will focus on strengthening the product and engineering aspects of the business to help steer Housing.com towards its goal of becoming a full-service transaction player. Within 3 months, he was promoted to be the Deputy Director/India Country Head and the company was later acquired by Cisco.

Housing.com Appoints Vivek Jain as Chief Product and Technology Officer

Housing.com has appointed Vivek Jain as chief product and technology officer to focus on strengthening the product and engineering aspects of the business to help steer Housing.com towards its goal of becoming a full-service transaction player. In his last role at Amazon, Jain was the business head for the cloud division where he helped define the value proposition, differentiation strategy, pricing and feature roadmap to create a sustainable competitive advantage for the company.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 10, 2017
--
Private Placement
November 9, 2016
--
Private Placement
April 4, 2016
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