Housing.co.in raises $2.5 million from VC. A new era for Indian domains????

Housing.co.in portal raised $2.5 million from Nexus Venture Partners. This was the firm's first round of institutional funding. The firm has raised $375,000 in seed funding prior to this. This is a good sign for the Indian domain investors (esp .co.in holders) considering that the Indian VCs believe in this extension.

.com still remains the biggest extension in the Indian market to raise the maximum funding from any source but Housing.co.in could change the flow of the wind for the Indian domainers. KEEP IN MIND that housing.co.in was a running website and not a dead domain with ad links. I think this proves "To win it you need to be in it".

Good Luck.

VC support is more to do with the idea that can be marketed well and generate revenue out of it and does not matter much on a domain name or an extension.

yes, it is good to see a .co.in been picked up and shown confidence on... feel good factor!!

ecomindia said:

VC support is more to do with the idea that can be marketed well and generate revenue out of it and does not matter much on a domain name or an extension.

yes, it is good to see a .co.in been picked up and shown confidence on... feel good factor!!

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VC support always brings into consideration the foundation (domain name) and not just house plan (the idea). No one will remember the name of the company all they will know, down the line, is Housing.co.in. VCs believe its a well marketed name which is short, acute and reasonable in addition to their top class biz plan (I presume it was top class otherwise the investment was because of clout and connections)

Look at the famous Indian companies like Naukri.com or Makaan.com, how many people actually know their legal entity names (company names). They all know its Naukri.com or Makaan.com. These companies had a great biz plan, idea and management but I doubt they could raise so much money with lets say Naukri.pw or some other extension with diluted power.

Cheers.

my only point was, VC supports strong revenue generating ideas which they bully on to establish the @brand name@ in the market

everyone remembers flipkart or jabong or amazon or ebay or espn .. name anything.. not their extension

it is good .co.in got picked up (i myself is a strong buyer of this) and feels good! thanks

Good to see some progress and investment in .co.in as well. Its all good for domain owners in the long run.
With .in (premium keywords) being limited, makes sense to invest in .co.in. Although, I would have tried to acquire the .in version of "housing" as well. They are bound to lose some type in traffic to housing.in

If there is any advise, don't undersell your premium keyword .in or .co.in

its a complete misinterpritation of housing.co.in success. They fetched in VC because of a well designed application/ Portal and not because of the Domain name.

Forget .co.in the name itself HOUSING is the most stupid selection for this platform.

You guys can never make a business model just on Domains because the bread earners are already been grabbed. So instead of reinventing the wheel, focus on developing a Portal that fits the domain name.

.co.in vs .in is just a mental trick. Nothing more.