Realty Portal CommonFloor gets funding from Tiger Global
Property listings portal CommonFloor.com has received US$30 (c.RS 1,800 million) from existing investor Tiger Global Management LLC. This is the biggest round of funding for the Bangalore-based company. The latest funding will be utilized to enhance the company’s products, hire talent and expand its presence into newer cities. The company will continue to strategically scale up its marketing and operations across the 18 cities where it’s currently presence 22 new cities and expecting to earn revenues of US$25 million in the next one year. CommonFloor.com has redefined the online real estate business by offering complete, end-to-end services that go beyond property classifieds.