CommonFloor.Com raises Rs 180 cr for expansion

Realty portal CommonFloor.Com today said it has raised USD 30 million (about Rs 180 crore) from its existing investor Tiger Global and would utilise the funds on new technology and marketing.
It had earlier raised Rs 64 crore from Tiger Global and Accel India.
"CommonFloor.Com has received USD 30 million in a new round of funding. This round of funding has been raised from their existing investor, Tiger Global," the portal said in a statement.
The company said that more than 2,00,000 users visit the portal every day.
Commenting on the development, company's Co- founder and CEO Sumit Jain said: "This investment will support the team's vision to think out of the box, innovate and lead the online real-estate sector in its journey to further enhance user experience."

"This round of funding will be used to invest further in our product and technology that will enhance customer experience. The company will continue to strategically scale- up its marketing and operations across the 18 cities where it's currently present and expand to 22 new markets in India," he added.
Bangalore-based CommonFloor.Com has more than one lakh projects listed on their portal.It also currently has over 4 lakh active listings. The company has offices in 18 cities across India.