The Bertelsmann-backed real-estate listings portal plans to raise $50m in a series C round that will fund geographical expansion.
IndiaProperty, the India-based real-estate listings portal backed by media group Bertelsmann, is looking to attract at least $50m for a series C round that will feature existing investors, LiveMint reported yesterday.
The company has not disclosed which existing stakeholders are returning for the new round, which would increase IndiaProperty’s total funding to more than $69m.
Bertelsmann led the company’s $12m series B round in December 2013 through its local corporate venturing subsidiary Bertelsmann India Investments. The round also included Canaan…
