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Follow on Google News | Indiaproperty raises 12 Million USD led by BertelsmannIndia Property Online Pvt. Ltd. One of India’s leading online real estate classified portals, has announced a Series B funding of USD 12 Million led by Bertelsmann with participation from existing investors Canaan Partners and Mayfield Fund
By: India Property Online Pvt. Ltd. Ganesh Vasudevan, CEO of IndiaProperty, expressed his delight at Bertelsmann‘ Murugavel Janakiraman, founder and Chairman of IndiaProperty, said: “IndiaProperty was conceptualized with a vision of becoming the largest and foremost player in the real estate classified market and we are well and truly on our way to realizing that vision. The addition of a global media powerhouse like Bertelsmann as an investor and partner will help us further consolidate our position in the market.” Pankaj Makkar, Managing Director of Bertelsmann India Investments, who will also join the Board of IndiaProperty, said: “IndiaProperty has attained an attractive position in the Indian real estate market, especially in the new properties segment, through its great execution abilities, a differentiated offering for the customer and all the right attributes to be a leader in this space. Therefore we are excited to be IndiaProperty’ Veda Corporate Advisors acted as the sole advisors to the Company in this transaction. End
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