New Delhi: Property search website Commonfloor.com has received funding from Google Capital, an equity fund backed by Google Inc, the online portal said in a statement on Thursday.
Commonfloor will invest the funds in product technology and marketing, the company's co-founder and chief executive officer, Sumit Jain, told Reuters.
The companies did not disclose the amount.
Foreign investors including Japan's Softbank Corp and News Corp have invested more than $100 million (Rs 626.7 crore at 1 dollar = 62.67 rupees) in Indian property portals over the last couple of months.
Mr Jain and another co-founder of Commonfloor, Lalit Mangal, are alumni of IIT Roorkee.
Copyright @ Thomson Reuters 2015
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
