IndiaHomes raises Rs 150 cr in 2nd round of fund-raising

Written by PTI | New Delhi | Updated: Apr 17 2014, 09:52am hrs
Property broking portal IndiaHomes has said it has raised R150 crore from US-based venture capital firm New Enterprise Associates (NEA) and two existing investors.

IndiaHomes, which started operations in 2009 and is present in Delhi, Gurgaon, Noida, Mumbai, Bangalore and Kolkata, is planning to expand its presence to other major cities. This is the second round of private equity fund-raising by the company. It had earlier raised R120 crore from Helion Venture Capital and Foundation Capital.

NEA contributed more than half of the total amount raised by IndiaHomes, Singh said.