Online real estate marketplace HeyPillow has raised $3 million in a Series A funding from Hampton Capital, reports Vccircle. It will use the funds for enhancing its website and marketing and promotional activities. HeyPillow was founded in 2014 by Stan Dong and one other unnamed co-founder. It launched its India operations a month ago and has plans to expand to the Middle East and other APAC countries.
HeyPillow offers apartments, villas, PG hostels, row houses, plots, serviced apartments, office space, shops, showrooms, factories, warehouses, cold storage, independent houses, commercial plots and retail mall spaces. It allows the users to choose from mortgages, rentals and agents along with listing properties to be owned and sell properties on the platform.
ItThe startup is planning to integrate home designing in its platform and will get interior designers on board soon. It also provides
Investments in online real estate segment:
– Housing.com raised $90 million from Softbank Group and others in December last year, plus $18 million from Helion Venture Partners, Qualcomm Ventures and existing investor Nexus Venture Partners in June. Locon Solutions Pvt Ltd which runs Housing.com has raised over $120 million.
– Bangalore-based CommonFloor raised an undisclosed amount of funding from Google’s late stage growth fund Google Capital in January and in September 2015, it raised $30 million from Tiger Global Management LLC.
– Earlier in 2014, Info Edge had raised Rs 750 crore through qualified institutional placement to invest in its online real estate business 99Acres. (Read: How 99Acres plans to use the $120 million it has raised)
– In December 2013, Indiaproperty.com had also raised $12 million from Bertelsmann and others.