The rumour mills have been abuzz that PropTiger is going to acquire Housing. Over the last couple of weeks, The Ken spoke to six people, a mix of investors, sources inside Housing and competitors, and all of them said that the deal is almost through. That it will be announced shortly. The deal size is about $20-25 million. All stock.
But why, really?
The last available financials of Housing (Locon Solutions Private Ltd) paint a fascinating picture. As of March 2015. Revenue from operations: Rs 5.4 crore.