Real estate and apartment management portal CommonFloor has raised $30 million in its fifth round of funding from existing investor Tiger Global. The company said it would use the funds to invest in new technology, product development, recruitment and to expand to at least 22 new cities in the country over the next one year. Earlier this year, the Bangalore-based company had raised Rs 64 crore in Series D funding from Tiger Global and Accel India. Currently, the company offers its services in four different verticals; real estate marketplace, Home Needs section, Apartment Groups section, and student and bachelor accommodation section. The Home Needs section lets users search for home decor and other home services vendors, home loan experts, and home appliance dealers among others. The Groups section lets users create local communities and provides them with a sort of management platform. CommonFloor also offers interesting features like drone services to take panoramic pictures from planned high rise apartments and photographic verification of properties listed. It had also launched an Android app called CommonFloor Property India in March last year, that offered an augmented reality based search, which allows a user to hold the app in camera mode and browse through property listings within 2.5 km radius of their current location. CommonFloor currently claims to have more than 1 lakh projects listed on its portal with more than 4 lakh active listings. It has offices in 18 cities in India, including Bangalore, Mumbai, Mysore, Pune, Jaipur, Lucknow etc., and claims to have property listings from…
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