Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
2015-01-09

Google Capital invests in online real estate platform CommonFloor.com

CommonFloor.com has more than 1 lakh residential projects listed on their platform from over 200 cities.

CommonFloor.com, India’s leading online real estate platform today announced that it has received a new round of funding from Google Capital. This is Google Capital’s third investment in Asia.

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.”

Launched in 2007 by Jain, Lalit Mangal and Vikas Malpani, CommonFloor.com combines property search, apartment management and vendor management and caters to a person’s complete residential requirements.

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.” 

This investment comes at an exciting time for the online real estate sector in India, fueled by the Indian Government’s goal of providing Housing for All by 2022. To achieve this, the Government is allocating a budget of Rs 4,000 crore for affordable housing, introducing incentives for infrastructure financing by the RBI. It has lowered interest rates on home loans, established a framework for REITs and, most recently, relaxed FDI norms in the construction sector.

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.”

CommonFloor.com has more than 1 lakh residential projects listed on their platform from over 200 cities, which is more than any other property platform in India. The platform has already mapped 10M homes and is committed to map every property in India on its platform. The Company has a team of 1000+ employees and their constant endeavour is to get the best talent to work with them. CommonFloor.com has been funded by Accel Partners, Tiger Global and Google Capital.

Google Capital is a growth equity fund backed by Google. Some of Google Capital's investments to date include SurveyMonkey, Lending Club, Credit Karma and Freshdesk.

Related opportunities
  • About:Agent Jack's Bar is a casual dining restaurant that serves..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 2 Cr. - 5 Cr
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Lighting, Electrical & Plumbing
    Mainframe Energy Solutions Pvt. Ltd. would like to introduce our..
    Locations looking for expansion New Delhi
    Establishment year 2013
    Franchising Launch Date 2013
    Investment size Rs. 2lac - 5lac
    Space required 500 - 1000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Central Delhi New Delhi
  • About Logistiks :-Logistiks is a patent pending next generation logistics platform..
    Locations looking for expansion Telangana
    Establishment year 2015
    Franchising Launch Date 2016
    Investment size Rs. 5lac - 10lac
    Space required 300 - 500 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Hyderabad Telangana
  • About Us Ross Warner HR Solutions is an ISO 9001:2000- certified..
    Locations looking for expansion Maharashtra
    Establishment year 2007
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
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