Housing.com, which is also backed by Softbank, Accel and SAIF Partners, has tied up with OYO Life and Zolo to promote their co-living spaces on its platform.
At present, the classifieds platform has around 5 lakh beds across major cities -- Delhi-NCR, Mumbai Metropolitan Region (MMR), Kolkata, Chennai, Bengaluru, Pune, Hyderabad, Ahmedabad and Chandigarh, Agarwala said.
Out of the 5 lakh beds, around 50,000 beds are from OYO and Zolo.
"We plan to scale up this listing to a million beds by the end of 2020," he said.
Asked about revenue model, Agarwala said it could be through advertising and the co-living segment would become a significant revenue generator for Housing.com in coming years.
"The way in which the concept of co-working is changing how traditional commercial work spaces operate in India, co-living is transforming traditional renting. The change is driven by a highly mobile millennial workforce and a growing student population with a new mindset," Agarwala said.
Recently, US-based News Corp and its Australian group firm REA made fresh investment of around $70 million (Rs 500 crore) in Elara Technologies, sources had said.
With this fresh funding, Elara has raised $175 million (about Rs 1,250 crore) so far from investors.
Elara Technologies first set up PropTiger.com in 2011 and then acquired Makaan.com in May 2015.
In a major consolidation in the Indian online real estate business, Elara acquired Housing.com in January 2017, a start-up founded in 2012 by around a dozen IIT graduates.
While PropTiger helps developers in selling flats available in the primary market, Makaan.com largely deals in buy-sell of re-sale properties.
Housing.com is a classified platform for developers, brokers and homeowners with over one million listings.
Elara has 23 offices across India and 1,800 employees.
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