CommonFloor.com, India’s leading real estate portal raised $50 M

CommonFloor.com, India’s No.1 real estate portal has released a Press Release unveiling that CommonFloor.com has been raised to $50 Million. This appraisal is due to the funding of its existing investor, Tiger Global USD 30 Million. CommonFloor.com is an online website that serves the customers in property search, apartment management, vender management & also fulfills the needs of a consumer’s complete residential requirements.

CommonFloor.com in its last round of funding has received RS 64 Crores from Tiger Global & Accel India. And it is now receiving $30 Million again in the new round of funding by Tiger Global.  CommonFloor.com recorded a tremendous growth & traffic. Daily visitors accessing CommonFloor.com crossed more than 2, 00,000 users & 25,000 communities have been added in the last two quarters. And overall CommonFloor.com website gains traffic through mobile app nearly 25%.

Sumit Jain, Co- founder and CEO of CommonFloor.com commented on funding: “We empower people to realize their property dreams. 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. We have more than doubled our revenues and traffic and the funding will further accelerate our growth plans. 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.”

CommonFloor.com 50% of traffic is from metros like Mumbai, Delhi, and Bangalore & Chennai.  And Website gains 10% traffic from overseas. Presently CommonFloor.com executes one lakh projects on their portal. And it has more than 4 lakh active listings. And it has 900+ employees on its team. CommonFloor.com has its offices in Bangalore, Mumbai, Noida, Gurgaon, Chennai, and Hyderabad & Pune. And now CommonFloor.com has extended its endeavor into other geographical regions of India. Jaipur, Chandigarh, Lucknow, Nagpur, Indore, Ahmadabad, Kochi, Coimbatore, Mysore, Kolkata, Mangalore.

CommonFloor.com has set new standards & achieved grip as an online real estate business mainly because of its complete, end to end services that it provides to its customers in crossing the mean vicinity of day to day classifieds. CommonFloor.com exclusive range of features include augmented map-based mobile app signals users about available properties in the vicinity, drone service to take pictures of panoramic views from planned high rise apartments and systematic photographic verification of properties listed help users make a smart property decisions.

“We are pleased to continue to partner with them” said Lee Fixel, Partner at Tiger Global Management.