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09|26|2013 05:11 pm EDT

Housing.com sold for $500k USD

by Frank Michlick in Categories: Domain Sales

Screenshot: Properties for rent near Madhapur - Hyderabad _ Housing.com - Mozilla Firefox (2013-09-26 17.01.34)

Housing.com and a Phone Number bought by Indian startup Housing.co.in for $1MM USD

As reported by NextBigWhat, Indian Startup Housing.co.in has purchased the domain Housing.com for $500,000 USD and the national Indian phone number 03-333-333-333 for another $500,000 USD. Their old domain, housing.co.in now redirects to housing.com. The purchase of the domain is underlining their plans to expand their property rental listing service globally.

“Hopefully, this is going to be the biggest domain deal of the year world-wide. And it’s our first step in going global,” said Advitiya Sharma, the co-founder of Housing.co.in, according to the article.

The startup had raised $2.5MM USD in funding from Nexus Venture Partners in June 2013 and is reported to have been funded with $3MM USD on top of their angel round.

[via NextBigWhat]

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