SoftBank backed which was founded in 2012, provides independently verified listings of homes. It has presence in 50 cities with about 2,500 staff members.
"The company is restructuring to focus on the home-buying real estate segment and drive further efficiencies across the company", said in a statement.
"Furthermore, will be reorganizing its teams to more efficiently execute this new focused strategy and, as a result, will be reducing its employee base", it added.
The company however did not specify the number of employees it would reduce.
" will now be laser focused on solving the pain points in home buying and selling. We will be reorganizing the company to fit this new focused strategy and to this end, expect to reduce our workforce", the portal's new CEO Jason Kothari said.
“The company values the contribution of its talented team and would do everything it can to support its departing team members,” he added.

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