wordpress blog stats
Connect with us

Hi, what are you looking for?

Commonfloor Raises Series B Funding From Accel India & Tiger Global Management

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 Digital had also partnered with Mobiya to launch a suite of mobile classifieds services on SMS including a property search service.

Advertisement. Scroll to continue reading.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

India and US come to terms on how to deal with the equalisation levy in light of the impending Global Tax Deal.

News

Find out how people’s health data is understood to have value and who can benefit from that value.

News

The US and other countries' retreat from a laissez-faire approach to regulating markets presents India with a rare opportunity.

News

When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.

News

The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

You May Also Like

News

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...

Advert

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...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

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...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ