Google Capital pumps in fresh funds in Commonfloor.com

Online real estate platform CommonFloor.com has received a fresh round of funding from Google Capital.

FP Archives|Jan 08, 2015, 19:23:30 IST

New Delhi: Online real estate platform CommonFloor.com has received a fresh round of funding from Google Capital.The financial details were, however, not disclosed.[caption id="attachment_1332013" align="alignleft" width="380"] Representational image. Reuters[/caption]This investment shows that Google Capital believes in CommonFloor and its vision to transform the real estate market in India, CommonFloor.com co-founder and CEO Sumit Jain said in a statement today."We look forward to drawing on the technical and operational expertise of Google Capital's partners andadvisers as we continue to scale our business," he added.This is Google Capital's third investment in Asia, the statement said."The online real estate market in India is poised for tremendous growth, which is why we are excited to work closely with CommonFloor's excellent team in the months and years ahead," Google Capital Partner David Lawee said.Jain said the investment will further fuel the company's vision to empower people to realise their property dreams."We continue to exhibit industry leading growth; the money raised will be strategically invested in making the platform more robust to enable the buyers and sellers to find their match faster," he added.CommonFloor.com has more than 1 lakh residential projects listed on their platform from over 200 cities. The platform has already mapped 10 million homes.Launched in 2007, CommonFloor.com has a team of over 1,000 employees. It has been funded by Accel Partners, Tiger Global and Google Capital.Google Capital's other investments include SurveyMonkey, auction.com, LendingClub, MapR and CreditKarma.PTI

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