MarketingTechnology

Google Capital takes a stake in Indian listing portal CommonFloor

Acquisition of Bakfy will help company develop mobile products

CommonFloor, which claims to be India's biggest listing portal with more than 500,000 listings in 200 cities, says an investment by Google Capital will help it beef up the platform to enable buyers and sellers to find a match more quickly. Google Capital's stake in CommonFloor was not disclosed, but the 1,000-employee company, founded in 2007, had previously raised nearly $50 million, including a $30 million funding round by an existing investor, Tiger Global, in September.  “This investment shows that Google Capital believes in CommonFloor and our vision to transform the real estate market in India," said CommonFloor co-founder and CEO Sumit Jain in a statement. "We look forward to drawing on the technical and operational expertise of Google Capital’s partners and advisers as we continue to scale our business." CommonFloor, which has also mapped 10 million homes and has set a goal of mapping every property in India, also announced this week that it had acquired Bengaluru-ba...