Housing.com to invest in fintech start-up Easiloan

Housing.com is owned by REA India, which also controls PropTiger.com and Makaan.com, claims that the partnership aims to capitalise on Housing.com's market-leading digital presence, while simultaneously broadening the reach of mortgage products to its esteemed network of brokers and developers.

"This symbiotic collaboration is not just a value addition to our seller customers but also augments user engagement on our platform and offers an avenue for enhanced revenue generation," said the company in a statement.

Dhruv Agarwala, Group CEO of Housing.com, PropTiger.com, and Makaan.com, said, "Housing.com is committed to offering its customers and consumers an exhaustive suite of real estate services, and this partnership with Easiloan marks a seminal step in that direction. Mortgages are an organic expansion within the digital real estate sphere, driven by the large customer base that we have cultivated on our platform."

Agarwala further added, "Technological advancement and the Indian government's commitment to digitalisation in the lending sector will transform the home loans landscape in the forthcoming years, and we are committed to pioneering this revolution."

With estimates showing a 16% growth in the overall home loan portfolio from December 2021 to December 2022, reaching $108.14 billion in disbursed loans in 2022 alone, housing credit in India is set for significant further growth in the coming years, the company statement said.

"We are delighted to partner strategically with Housing.com," said Pramod Kathuria, Founder & CEO of Easiloan.com.

"With the Indian fintech industry projected to be worth $150 billion by 2025 and the real estate market projected to reach $1 trillion by 2030, we can collaboratively define new milestones in both areas," he said.

Earlier, Easiloan has raised seed funding from Tomorrow Capital in September 2021 and demonstrated strong traction in terms of customer acquisition, loan disbursement and expansion in Mumbai, Pune, and Bengaluru.

Rohini Prakash, CEO, Tomorrow Capital on the investment infusion said , “The Easiloan brand uses a tech-first approach to deliver a superior home loan experience, from discovery to disbursement, for its customers. We are glad to welcome Housing.com onboard in scaling the Easiloan platform further.”