A global venture capital firm New Enterprise Associates, which is headquartered in Timonium, MD, invested Rs 150 cr in property broking portal IndiaHomes.
IndiaHomes, which started operations in 2009, 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 Rs 120 crore from Helion Venture Capital and Foundation Capital.
“We have decided to expand our operations to 50 major towns in India. We have raised Rs 150 crore private equity led by NEA. Our existing partners Helion Venture and Foundation Capital have also invested,” IndiaHomes Founder and Managing Director Samarjit Singh told reporters here.
Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, US Venture Capital, American Venture Capital, New Enterprise Associates, Timonium, MD, Property Broking Portal, IndiaHomes, Delhi, Gurgaon, Noida, Mumbai, Bangalore, Kolkata, Helion Venture Capital, Foundation Capital, Private Equity, Samarjit Singh.