CommonFloor raises $30M in Series E round from Tiger Global
Hotline: 1800 102 2007
X
Search Business Opportunities
2014-10-04

CommonFloor raises $30M in Series E round from Tiger Global

The company will continue to strategically scale up its marketing and operations across the 18 cities where it’s currently present and expand to 22 new markets in India

CommonFloor.com has raised $30 million (Rs 181 crore) in Series E round of funding from existing investor Tiger Global Management, as reported by VC Circle.

 

“This investment will support the team’s vision to think out of the box, innovate and lead the online real-estate sector in its journey to further enhance user experience. We have more than doubled our revenues and traffic and the funding will further accelerate our growth plans,” Sumit Jain, co- founder and CEO, CommonFloor told VC Circle.

 

“This round of funding will be used to invest further in our product and technology that will enhance customer experience. The company will continue to strategically scale up its marketing and operations across the 18 cities where it’s currently present and expand to 22 new markets in India,” he added.

 

The report further said that early this year, CommonFloor had raised Rs. 64 crore ($10.4 million) in Series D round of funding from Tiger Global and Accel Partners.

 

"India's online real estate sector has been expanding rapidly as internet access grows, especially through mobile. CommonFloor.com has carefully mapped the needs of the online-based real estate ecosystem and has forged a clear path toward future growth. We are pleased to continue to partner with them,” Lee Fixel, partner, Tiger Global told VC Circle.

Related opportunities
  • Publications & Print Media
    About: Jennard Galleries helps to create motivating workplaces where employees and..
    Locations looking for expansion Karnataka
    Establishment year 2003
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 0
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Transportation
    About Us:   We the promoters of Radar tech have vast experience..
    Locations looking for expansion Andhra pradesh
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Hyderabad Andhra pradesh
  • Quick Service Restaurants
    THE BURGERS NATION – brings the golden opportunity to start..
    Locations looking for expansion Haryana
    Establishment year 2015
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 200 - 800 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Gurgaon Haryana
  •    Become WIISE partner and be part of India’s fastest growing Award winn..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 160
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts