The Bangalore-based startup will invest these funds towards its organic expansion plans.
Among other things, CommonFloor.com aims to have a workforce of 1,500 employees by March 2015, as against 900 now, and at least 1 million property listing as against around 5,00,000 now.
The website clocks over 2,00,000 visits every day, and has witnessed a 100% jump in traffic in the last two quarters, Sumit Jain, co- founder and chief executive officer of CommonFloor.com said.
"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," Jain said.
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