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Google Capital Invests in Property Website Commonfloor

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Google Capital Invests in Property Website Commonfloor
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.

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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

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