Real estate portal Commonfloor has raised Rs 64 crores in a fresh round of funding from existing investors Accel India and Tiger Global.
The amount was raised in a Series D round and will be used for product development, research expertiese building and to boost growth through marketing initiatives said the company. The company had raised $7.5 million in a Series C round in July 2013 from the current investors.
Commonfloor, that was launched in 2007 by a team of IITians was one of the first to roll out the map-based real estate search in India. It currently has over 75,000 communities listed with it that constitutes 50 lakh homes.
The company has a competitor in peer #housing.com that had received $2.5 million in funding from Nexus Venture Partners in June 2013.