Google Capital invests in Indian property website Commonfloor
NEW DELHI (Reuters) – Indian 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 in Indian property portals over the last couple of months. [ID:nWNAS00AXW]
(Reporting by Aditi Shah; editing by Malini Menon)