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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

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