IndiaHomes, a New Delhi, India-based professional property services company, raised Rs. 150 crore in funding.
The round was led by New Enterprise Associates (NEA), with participation from existing investors Helion Ventures and Foundation Capital. In conjnction with the funding, Bala Deshpande, Senior Managing Director of NEA, joined IndiaHomes’ Board of IndiaHomes.
The company will use the funds to expand its presence from 10 to 50 cities in the next few months.
Led by Mr. Samarjit Singh, Founder and Managing Director, IndiaHomes is a real estate portal that provides services to customers in both the primary as well as secondary market such as short-listing of suitable properties, comparisons of multiple properties, market analysis and recommendations and advice, expert documentation, finance and mortgage along with its core business of buying/selling/rental of residential properties, information of all types of properties available at various locations in the regions like Delhi NCR, Mumbai, Bangalore, Kolkata and Noida, free of cost property site visits,
legal and financial advisory for all property transactions.