Housing.com and PropTiger merge in an all-stock deal, raise $55 million in fresh capital

Real estate portal PropTiger has acquired Housing.com in an all stock deal, with the combined entity raising $50 million from global online real estate advertising company REA Group and $5 million from Softbank.  The deal values Housing at $70 million, which was its latest valuation two months back, when Softbank put in a bridge of $5 million in the startup, two sources said. Both companies declined to divulge financial details of the deal. However, the joint company is believed to be valued at close to $250 million, sources said. 

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