Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

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

Apr 17 2014, 04:22 IST
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SummaryProperty broking portal IndiaHomes has said it has raised R150 crore from US-based venture capital firm New Enterprise Associates (NEA) and two existing investors.

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.

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