India-based online real estate platform CommonFloor.com has secured $15m in series F funding from Google Capital, the growth equity unit of internet company Google, Times of India reported yesterday.
CommonFloor raised a total of $47.9m from its previous three rounds, which were funded by Accel India and Tiger Global Management. The firms also invested undisclosed sums in the company’s series A and B rounds, raised in 2009 and 2012 respectively.
CommonFloor has not officially confirmed the size of Google’s investment, which was revealed to TOI by sources familiar with the development, revealing only that Google will take a seat on its board.
The company, which lists about 10 million properties in its database across 200 cities, is currently working with the Indian government to facilitate affordable housing plans.
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 are excited to work closely with CommonFloor’s excellent team in the months and years ahead.”