Online real estate portal, Housing.com, owned and operated by Locon Solutions Pvt. Ltd, appointed Vivek Jain as the chief product and technology officer, the company said on Wednesday. His role will entail strengthening the product and the engineering aspects of the business.
Prior to joining Housing.com, Jain was the chief executive officer (CEO) of CA Media Digital (India) Pvt. Ltd, the digital business of CA Media LP (owned by The Chernin Group and private equity firm KKR).
Previously, he was the vice-president of Reliance Jio Infocomm Pvt Ltd (subsidiary of Reliance Industries Ltd). His work experience expands to Amazon Web Services and Motorola Mobility (earlier part of Google and now owned by Lenovo).
“Our goal is to become the most trusted and the leading end-to-end real estate transaction platform in the country, and robust product and technology innovation will be important for us to achieve that.” said Jason Kothari, CEO, Housing.com.
“Vivek comes with best-in-class product and technology leadership experience, global exposure and an entrepreneurial mind-set, which is a unique mix, and one that blends seamlessly with the thinking and culture at Housing.com,” added Kothari.
The Mumbai-based start-up that has raised over $100 million in capital from Softbank Group Corp, Nexus Ventures, Falcon Edge, among others, was initially founded by 12 graduates of Indian Institute of Technology, Mumbai, in 2012.
The company has changed in terms of both its business model as well its top-level management over the last one year. The company moved away from being a property listing portal to a property buying and selling portal in November 2015. The online real estate portal is now fully run by the new management as the four co-founders left in 2014 and five have quit since July last year.
Housing.com appointed Kothari as the CEO last November. Other appointments since last year include Mani Rangarajan as chief financial officer, Nikhil Rungta as chief marketing officer and Nandini Mehta as general counsel among others.
Currently, the employee strength of the company stands close to 1000 employees across seven cites—Mumbai, Delhi, Pune, Bengaluru, Hyderabad, Chennai and Kolkata, as reported by Mint.
This story was first published on livemint.com