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Three of Housing’s co-founders quit to start new venture

housing

Abhishek Anand, Ravish Naresh and Sanat Ghosh, co-founders of online real estate portal Housing have quit the company, reports Mint. Housing sent us a statement which read, “Abhishek, Ravish and Sanat played an important role in building the foundation of Housing.com. They are moving out to pursue their new dream of starting another new venture.”

The Mint report cites Anand, Naresh and Ghosh as saying that they’re confident about “positive momentum and high growth” at Housing with its current leadership and that they’re moving on to a new venture. Anand was Housing’s CTO previously while Ghosh has served as the head of mobile for 2 years (2012-14), founding director since its inception and as a director for the same time at Housing.

Other co-founders: Last month, Housing.com’s co-founder Advitiya Sharma quit the company, to startup but was undecided at that time. He was also a board member of the company, looking after investor and external relations. Housing was founded by 12 people including Sharma and Rahul Yadav, who was let go as CEO of the company in July last year. Yadav later launched a new startup which went on to get funds from Flipkart’s founders Sachin and Binny Bansal in December 2015. Presently, 3 of the original co-founders Snehil Buxy, chief product officer; Jaspreet Saluja, head of data operations and Amrit Raj, head of digital marketing remain in the company.

Previous Housing hires:

– Housing appointed Jason Kothari as its new CEO in November 2015.

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– In November 2015, Housing appointed Nikhil Rungta as its chief marketing officer.

– In October 2015, it 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.

Previous Housing developments:

– Earlier this month, Housing partnered with Uber to let its users take an Uber cab to visit home listings on the property portal from within its iOS and Android app.

– The company raised an undisclosed amount of funding from Vineet Singh, the co-founder and CEO of Buildzar, an online portal for buying construction material. In January, it secured Rs 100 crore in funding from Softbank to drive its new strategy and growth plans.

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– In 2015, Housing acqui-hired Plat and BigBHK, along with sales lifecycle management HomeBuy360 for $2 million, the Delhi-based real estate analytics portal Realty Business Intelligence for an estimated $2-4 million. In March 2015, it acquired realty-focused online community Indian Real Estate Forum (IREF) for Rs 8 crore.

Written By

I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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