Realty portal Housing.com has appointed Jason Kothari as chief executive officer. He has been with the company since August this year, when he was appointed as the chief business officer. Prior to Housing, Kothari was the owner of Agordian Media Holdings where he worked for 2 years, before which he was the founder of Valiant Entertainment where he worked for over 8 years.
Following the tumultuous exit of the company’s co-founder and CEO Rahul Yadav, Housing was run by an executive committee that controlled its finances and operations. The committee was led by SoftBank’s Jonathan Bullock, interim CEO Rishabh Gupta, Housing’s angel investor Haresh Chawla and chief technical officer Abhishek Anand.
Other appointments: Earlier this month, Housing appointed Nikhil Rungta as its chief marketing officer. Last month, Housing appointed Nandini Mehta as general counsel where she would be responsible for defining the company’s legal framework. The same month, it also appointed Mani Rangarajan as its chief financial officer. In his new role Rangarajan will be responsible for financial strategy and planning.
In October, Housing also appointed Keerthi Kiran as the vice president of its new real estate projects division. Kiran was with Housing for nearly 2 years before being promoted to this role. Note that in August, Housing laid off over 160 employees citing that it needed to focus on its core products.
However, MediaNama had received an anonymous tip-off at the time, that the number of staff cuts could be as high as 1,100 and that most of the people affected were the company’s ground and operational staff. The tip-off added that most of the ground and operational staff were hired from telecom and FMCG companies with nearly 50-60% pay hikes.
Housing acquisitions: In September, Housing acquired Plat, a startup that operates as an online network for agents allowing them to share real estate inventories and requirements. It had also acquired BigBHK, a property management software targeted at rentals suppliers. Other than this, Housing also acquired sales lifecycle management HomeBuy360 for $2 million in May, the Delhi-based real estate analytics portal Realty Business Intelligence for an estimated $2-4 million and the realty-focused online community Indian Real Estate Forum (IREF) for Rs 8 crore in March.