Commonfloor.com, a real estate and apartment management portal, has raised series-B funding from existing investor, Accel India and Tiger Global Management. The financial details of the funding have not been disclosed, yet. The company reports that the new funds will be used for expanding its operations across multiple cities, upgrading technology capabilities, hiring talent and for marketing purposes. Commonfloor offers a listing of properties such as apartments, row houses, villas and plots. It also provides discussion forums for interactions within an apartment community. It recently added a maps feature that allows users to search properties from the website's integrated Google Maps. The company claims that the product is currently used by customers in over 120 cities across India and has about 50,000 communities listed with it. It also claims that its service has seen greater adoption across metros and Tier 1 cities in the last couple of years. The Bangalore-based company, was founded by Sumit Jain, Lalit Mangal and Vikas Malpani in 2007. It recently opened offices in Delhi-NCR, Mumbai, Chennai, Hyderabad and Pune. Commonfloor had previously raised funding from Accel India in 2009. Competition: Commonfloor competes with GrOffr.com, which provides a real estate group buying portal and offers deals in Mumbai, Pune, Bangalore, Hyderabad, Chennai, Kochi, Nagpur, among others. GrOffr had raised series A funding in a round led by Indian Angel Network. Sulekha.com had also launched Sulekha.com Property, a site for Property related information, including buy or sell property listings, rentals, information on localities and brokers, and others. Commonfloor also competes with Magicbricks, iProperty.com, and 99Acres. Recently, Mogae…
- WhatsApp bets on e-commerce in India with new business features September 21, 2023
- Event Announcement: International trends in Network usage fees, 4th October #Ad September 21, 2023
- Delhi HC Passes Order Disallowing Non-Permitted Use Of Anil Kapoor’s Name, Voice, Dialogue Through AI September 21, 2023
- IT Ministry appoints special officer on duty to set up the Data Protection Board of India September 21, 2023
- Karnataka HC Asks IT Ministry If It’s Open to Reviewing Blocking Orders Issued to X Corp: Report September 21, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...
RBI Deputy Governor Rabi Shankar called for self-regulation in the fintech sector, but here's why we disagree with his stance.
Straw man fallacy: IT Ministers’ defence of government exemptions in data protection law misses the point
Both the IT Minister and the IT Minister of State have chosen to avoid the actual concerns raised, and have instead defended against lesser...
The Central Board of Film Certification found power outside the Cinematograph Act and came to be known as the Censor Board. Are OTT self-regulating...
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...