IndiaHomes gets Rs. 150 cr funding.

Property portal IndiaHomes has received a Rs. 150 crore from three private equity player New Enterprise Associates, Helion Ventures and Foundation Capital.

The company said the current round of funding will be used for technology upgradation. Helion Venture had previously also invested in the company.

Samarjit Singh, founder and MD, IndiaHomes, 'This investment will fuel growth as we expand our presence from 10 to 50 cities in the next few months. Additionally, we will also make a foray into the secondary market and envisage 60:40 ratio between primary and secondary market in the near future.'

HBL