housing

BillionBricks is using solar power to help the financially disadvantaged pay off their homes.

Dubbed the BTN Fund, it is set to invest in startups working on proptech, mortgage tech, and construction tech, among other sectors.

The company reportedly went through layoffs in March of this year as well, but it denied these previous claims, TechNode reported.

The Singapore-based flexible living startup will be part of a new global group, which is eyeing further expansion in Asia.

The company is operating regulated platforms in Malaysia and Indonesia, and has regulatory approvals in Dubai and Qatar.

The company is expected to make an announcement on corporate governance and related matters within the next two weeks. 

Abhishek Kumar was involved in Snapdeal’s efforts to raise funds. He will be replaced by the turnaround specialist Jason Kothari.

“I told them to slow down,” says former CEO of Housing Jason Kothari, who had the onerous task of repairing the real estate portal to find a buyer.

Tiger Global just did something similar with Flipkart.

The merged entity will receive US$55 million as capital infusion from News Corp and SoftBank.