CommonFloor, which claims to be India’s largest online real estate platform, has raised an undisclosed amount of new funding from Google Capital. What’s notable about the funding is that it marks Google Capital’s third investment in Asia since the firm, which focuses on startups in the mid-to-late stages of growth, launched in February.
Google Capital has invested in 10 companies since its inception, and its interest in Asia is yet another promising sign for startups in the region, where venture funding for post-seed stage tech companies is often difficult to come by.
That appears to be changing gradually, as funds backed by large tech firms, like Google Capital, SoftBank, and Rakuten, as well as VC firms such as Incubate Fund begin to pour more money into startups in China, India, and Southeast Asia. In addition, South Korea also recently saw a flurry of funding activity.