Helion Venture Partners Leads a US$19 Million Financing Round for Housing.com (Asia)

Source: VCCircle  |  Author(s): Sainul K Abudheen

Venture capital firm Helion Venture Partners has led an INR1.15 billion (approximately US$19 million) financing round for India-based Locon Solutions, owner of real estate portal Housing.com, with participation from venture capital firm Nexus Venture Partners and Qualcomm’s investment arm Qualcomm Ventures. Helion invested INR480 million (approximately US$8 million) in the round, while Nexus and Qualcomm put in INR430 million (approximately US$7 million) and INR240 million (approximately US$4 million), respectively. The capital will be used to extend the company’s technology to new platforms and for branding and marketing.