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Houzz Inc., the world’s leading platform for home remodeling and design, today announced a strategic partnership with Times Bridge, the investments business of The Times Group, India’s oldest and largest media company. As part of its investment, Times Bridge will integrate Houzz content into all of The Times Group’s digital properties, including the flagship Times of India, helping more homeowners and home professionals across India discover the Houzz platform.
“From its unique design aesthetic and products to its professional talent and expertise, India has become an important part of the global design language Houzz is facilitating,” said Adi Tatarko, Houzz CEO and cofounder. “We’re delighted to partner with The Times Group and connect even more Indian homeowners, home design enthusiasts and home professionals with our global platform.”
Since Houzz launched a dedicated platform for India in January 2017, its local community of homeowners and home design enthusiasts has grown 50 percent. The Indian professional community on Houzz has also grown exponentially, to more than 80,000 active home professionals in over 60 categories, including architects, interior designers and product designers.
Rishi Jaitly, CEO of Times Bridge said, “Times Bridge’s mission is to bring the world’s best ideas to India and share India’s best insights with the world. In the last eight years, Houzz has proven itself as an iconic company. We look forward to harnessing the unmatched assets of Times Bridge and The Times Group to ensure Houzz’s platform empowers users and professionals alike across the length and breadth of a rapidly-changing India.”
In June 2017, Houzz announced the close of a $400 million Series E financing led by ICONIQ Capital, with participation from Wellington Management Company, Sequoia, Zeev Ventures and GGV Capital, among others, to accelerate the growth of the company’s platform and business around the world. Since July 2014, Houzz has launched localized platforms in 14 countries outside of the U.S. to meet demand from both homeowners and home professionals. In 2013, prior to the company’s international expansion, less than 30 percent of new Houzz users came from outside the U.S. Today, over 50 percent of new Houzz users come from outside the U.S.
About Houzz
Houzz is the leading platform for home remodeling and design, providing people with everything they need to improve their homes from start to finish – online or from a mobile device. From decorating a small room to building a custom home and everything in between, Houzz connects millions of homeowners, home design enthusiasts and home improvement professionals across the country and around the world. With the largest residential design database in the world and a vibrant community empowered by technology, Houzz is the easiest way for people to find inspiration, get advice, buy products and hire the professionals they need to help turn their ideas into reality. Headquartered in Palo Alto, Calif., Houzz also has international offices in London, Berlin, Sydney, Moscow, Tel Aviv and Tokyo. Houzz and the Houzz logo are registered trademarks of Houzz Inc. worldwide. For more information, visit houzz.com.
About Times Bridge
Capitalized by The Times Group, Times Bridge is a leading investments firm with a mission to bring the world’s best ideas to India and share India’s best insights with the world. Its current portfolio includes Airbnb, Coursera, Houzz, Uber, Thrive and Vice, among others. By providing unmatched market leadership to its select partners and by harnessing the reach of the country’s largest media company, Times Bridge accelerates growth and immersion across the Indian subcontinent for leaders who believe in winning in and learning from India. For more information, visit timesbridge.com.