Quikr, The India’s No. 1 cross category classifieds business now finally officially announced that Quikr acquires CommonFloor.com India’s leading real estate platform that combines property search, apartment management and vendor management. Quikr officially announced that they have merged CommonFloor.com with its real estate vertical QuikrHomes. From a very long time the talk between the two Online real estate companies were going on but it was not yet official but today it is clear as they have officially announced. Quikr acquires CommonFloor.com in undisclosed amount, but there is rumors going on that the deal is done in $200 million. But officially there is no announcement regarding the amount.
Quikr & CommonFloor.com gave the hint of acquisition with their twitter account, which is now a days is like a fashion to make any announcement or say it a trend. Quikr Twitted Hey @commonfloor where are you? Here is the Conversation between them.
CommonFloor.com was launched in 2007 by Sumit Jain an IIT Roorkee Alumni. CommonFloor.com has been funded by Accel Partners, Tiger Global and Google Capital. Whereas Quikr’s is funded by many like Warburg Pincus, Kinnevik, Tiger Global Management, Matrix Partners India, Norwest Venture Partners, Nokia Growth Partners, Steadview Capital. So, it will be interesting to see both CommonFloor.com & QuikrHomes Growth and market share now.
Source: CommonFloor.com Blog
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