Bangalore based online real estate portal CommonFloor has received funding from Google Capital. Investment in CommonFloor marks Google capital’s third investment in Asia. Earlier to this investment, Google Capital has funded Chennai based FreshDesk and Chinna’s InnoLight.
image source: commonfloor
Sumit Jain, Co- founder and CEO at CommonFloor.com said, “This investment shows that Google Capital believes in CommonFloor and our vision to transform the real estate market in India. 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.”
Jain adds, “This will further fuel our vision to empower people to realize 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.”
David Lawee, Partner at Google Capital said, “CommonFloor.com makes it easy for people in India to research, buy, sell and rent real estate. The online real estate market in India is poised for tremendous growth, which is why we’re excited to work closely with CommonFloor’s excellent team in the months and years ahead.”
As reported in ET, maxHeap technologies private limited which runs CommonFloor has reported to ministry of corporate affairs that it has raised 60.35 crore from Google Capital.
Google Capital is a growth equity fund backed by Google. They focus on emerging, long-term technology trends and the companies that are leading or are poised to drive disruption in their respective markets by harnessing these technologies.
In 2014, Google Capital backed thumbtack, MAPR, auction.com, renaissance learning and creditkarma