Chennai: An online Real Estate property guide Metroplots has raised a second round of angel funding from existing investors R Ramraj, Founder of Sify; Sudhakar Ram, CEO of Mastek; Babu Thiagarajan, CEO of Quscient; Rajeev Mecheri of Mechari Capital who is the member of Chennai Angels, and Vardhman Jain, a new investor.

The company plans to use the fund to set up branches in Bangalore, Delhi-NCR and Mumbai. The company states that they have already opened branches in Bangalore and NCR and will be setting up shop in Mumbai soon. It will also use the fund to increase its team strength in all the four regions where it operates.

Launched in June 2009, Metroplots.com helps customers identify and purchase new residential properties. It has an online transaction-based service model where the company partners with developers and banks in the country to provide options for property investors.

The company had earlier raised its first round of angel funding in November 2010 from Chennai Angels and as part of the investment, Sudhakar Ram joined the board of the company and continues to represent the investors.