Here is the list of the top 10 online acquisitions in India in 2015. In recent years, the Indian online ecosystem has really taken off and come into its own—driven by factors such as massive funding, consolidation activities, evolving technology and burgeoning domestic market. India’s e-commerce market was worth $2.3 billion in October, 2014 and retail consultancy Technopak has estimated its value will increase more than 10 times to $32 billion by 2020. More, since the online market at present accounts for less than five per cent of India’s retail business, there still is a huge untapped space in e-commerce. This has given an opportunity to the strong players of the internet industry to strengthen themselves as the market leaders by acquiring some of the relatively smaller-sized companies.
10. Housing.com acquires Realty Business Intelligence Private Limited
Housing.com in May, 2015 announced that it has acquired an information portal focused on real-estate industry.
Image: Company Website
Housing.com, founded in June 2012 by IIT-Bombay graduates, is a real estate search portal serving more than 40 cities in India. It is headquartered in Mumbai and allows a customer to search for housing based on geography, number of rooms etc. Currently, it has more 6,000 brokers associated with it. It is backed by Japan’s telecom giant Softbank, Falconedge and other investors. Realty Business Intelligence Pvt. Ltd focuses on risk assessment, back-end research and project monitoring for the realty projects. It provides these services to lenders, investors and buyers.
By acquiring Realty Business Intelligence Pvt Ltd., Housing.com is looking to strengthen the technology platform and consumer promises to conduct a comprehensive collateral risk assessment to validate the new projects.