Business, Investments

CommonFloor Raises USD 15M Funding in Series F Round from Google Capital

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Just a day after acquiring one-year old Bengaluru-based start-up Bakfy for an undisclosed amount, CommonFloor has announced that it has secured USD 15 million in series F round led by Google Capital. Last year, the firm raised USD 30 million in series E and USD 10.4 million in series D funding. The latest round brings the total capital of the company to date is USD 62.9 million in 4 rounds from 3 investors. This is Google Capital’s third investment in Asia.

The raised funding will be  invested in making the company’s platform more robust to enable the buyers and sellers to find their match faster.

Sumit Jain, Co- founder and CEO at said, “… We look forward to drawing on the technical and operational expertise of Google Capital’s partners and advisers as we continue to scale our business.”

Founded in 2007 by Sumit Jain, Lalit Mangal and Vikas Malpani, CommonFloor is an online portal for real-estate. It claims to have more than 1 lakh residential projects listed on their platform from over 200 cities.

It competitor raised USD 90 million from Softbank in December 2014. In April last year, Gurgaon-based IndiaHomes, a real estate brokerage portal, raised USD 24.8 million in a third round of funding.

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