In a bid to strengthen its senior management team, the online realty portal – Housing.com has appointed Mani Rangarajan as the Chief Finance Officer of the company. Along with executive roles in several top companies, he is also involved as adviser in many Indian startups.
Mani Ranharajan holds an MBA degree from the Stanford University’s Graduate School of Business. He also holds a post graduate management diploma from IIM Calcutta and is also a Cost & Works Accountant.
Mani has been in the industry from more than 20 years. He has been to America, Europe, Middle-East, Asia and Africa, and worked at executive level in companies such as Citigroup, Yahoo! and Silicon Valley start-up companies, including Boku, Kosmix and Media Boost.
Rishabh Gupta, interim chief executive and chief operating officer, Housing.com, said
As an ambitious company that’s evolving and growing, Housing.com’s endeavour is to continually strengthen its senior management team. Mani brings with him a rich and varied global finance and operations experience, which I believe will add significant value to the company and help steer our future strategy.
Couple of months ago, the company hired advisory firm Alvarez & Marsal in order to reduce its cash burn and turn profitable. It has more than has 2,500 employees in around 50 cities.
Founded in 2012, Housing is currently run by an executive committee, led by Jonathan Bullock of SoftBank, which controls the finances and operations of the company.
It is an online real estate listing portal that simplifies finding, renting, and selling homes in India. It is capable of providing 3D models for every single new project and in delivering 360 degree views for every piece of land listed with Housing.com.
Till now, the company has raised around $139.5 million in 4 funding round from Nexus Venture Partners, Helion Venture Partners, Qualcomm Ventures and SoftBank Capital. In this year, the company has acquired three startups – Indian Real Estate Forum, RealtyBI and HomeBuy360.