Consumer Internet
India property raised private equity from Bertelsmann India Investments, Canaan Partners and Mayfield Fund
About
India Property

IndiaProperty.com offers one-stop property marketing solutions serving builders, real estate agents and home owners to sell or rent their properties, while offering a feature rich interface for property buyers to search and identify properties that match their requirement. The company has pioneered several innovations such as Assisted Property – India’s first online assisted property search service, Gruhapravesh – India’s first series of virtual and offline property shows and India’s first augmented reality based Real Estate Mobile Application.
Bertelsmann
Bertelsmann India Investments (BII) is the strategic investment arm of Bertelsmann SE & Co. KGaA in India. It focuses on investments in the digital, education, media and services sectors. BII invests in pioneering companies developing new technologies, business models and visions of the future. It focuses on early stage as well as growth stage investments.
Bertelsmann is an international media company whose core divisions encompass television (RTL Group), book publishing (Penguin Random House), magazine publishing (Gruner + Jahr), services (Arvato), and printing (Be Printers) in about 50 countries. In 2012, the company’s businesses, with their more than 100,000 employees, generated revenues of €16.1 billion. Bertelsmann stands for a combination of creativity and entrepreneurship that empowers the creation of first-rate media, communications, and service offerings to inspire people around the world and to provide innovative solutions for customers.
Background
We are pleased to announce that our client India Property Online Private Ltd (“Indiaproperty.com”) has raised Series B funding of USD 12 Million led by Bertelsmann India Investments (“Bertelsmann”) with participation from existing investors Canaan Partners and Mayfield Fund. The company, founded by Murugavel Janakiraman who also founded Matrimony.com, is one of India’s leading online real estate classified portals. Indiaproperty.com has emerged as the fastest growing player in the industry and this round of funding is expected to further consolidate the company’s position in the market. Veda Corporate Advisors was the exclusive advisor to Indiaproperty.com in the transaction.