Hotline: 1800 102 2007
Hotline: 1800 102 2007
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
  • Others Food Service
    About Us: Pind Balluchi a unique restaurant with an Ambience of..
    Locations looking for expansion Delhi
    Establishment year 1992
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 2800sqft.-3200sqft.
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Kids/Candy Stores
    JOIN INDIA’S 1st ZERO ROYALTY FRANCHISE MODEL - Khilonewala Toy Library! About..
    Locations looking for expansion Madhya Pradesh
    Establishment year 2011
    Franchising Launch Date 2013
    Investment size Rs. 2lac - 5lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Indore Madhya Pradesh
  •  Advait Tea & Agro Product Pvt. Ltd - DISTRIBUTORSHIP Opportunity   Format..
    Locations looking for expansion WEST BENGAL
    Establishment year 2012
    Franchising Launch Date 2012
    Investment size Rs. 50 K - 2lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater SILIGURI WEST BENGAL
  • Opticians/Eye Wear
    About Us: Naytr is an eyewear brand offering a complete range..
    Locations looking for expansion Delhi
    Establishment year 1998
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 300
    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