Housing.com to raise $60-70 mn in coming weeks: Sources

After appointment of its new Chief Financial Officer (CFO) recently, real estate portal Housing.com is looking to raise funds internally.

Sources tell CNBC-TV18 that the portal is likely to raise USD 60-70 million in coming two weeks. Existing invested partners like Japan’s Softbank, Nexus Partners and Helion are expected to participate in the fund raising.

CNBC-TV18’s Priya Sheth reports that the company plans to use the funds to integrate its recent acquisitions in technology and rental space. Till date, the real estate portal has raised USD 145 million.

In a statement, Housing.com said it wouldn't comment on market speculations. Softbank, Nexus and Helion, however, did not reply to CNBC-TV18's query.