Commonfloor.com, one of the Top Ten property portals in India, has secured Series B funding from existing investor Accel India and Tiger Global Management, a New York-based investment firm.
Launched from Bangalore in 2007, the company is currently used by customers in over 120 cities in India, and has approximately 50,000 communities listed on its site.
Commonfloor.com had raised funds from Accel India back in 2009. Though the company has not disclosed the amount of the fund size, they have stated that new capital is intended for increasing the property portal’s presence across multiple cities, upgrading technology capabilities, hiring talent and expanding marketing initiatives.
Sumit Jain, co-founder and CEO, CommonFloor said, “The second round of funding is a vote of confidence in our services and growth. We are looking to expand operations and better our services.”
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