Quikr and Commonfloor have been in talks earlier and the deal, as we are told has now been sealed.

The deal, from what we know values Commonfloor at $200mn and the company will continue to operate as a stand-alone entity.

Commonfloor Founders
Commonfloor Founders

Started 7 years back, Commonfloor last raised $12mn from Google Ventures and has launched multiple products – right from VR to visualized market data using GIS.

Commonfloor has in total raised $62mn and generated a revenue of Rs. 44 crores ($7mn) in FY14-15 and will now be part of Quikr’s new focus area, i.e. Quikr Homes.

The deal is 100% equity driven and Commonfloor team gets Quikr board set as well. Importantly, there will be no layoffs.*

Why Quikr And Commonfloor Need To Live Together?

Simply put, Commonfloor gets access to Quikr userbase – which helps it grows faster than the competition.

And for Quikr, they get a ready made home for QuikrHomes property. Quikr last raised $150mn and need to focus on revenue earning properties – so why not start with real estate.

Ofcourse, the common investors include Tiger Global.

The Commonfloor Journey

Watch cofounder, Vikas talk about Commonfloor journey at UnPluggd 2014.

Competition Housing.com is currently going through an internal restructuring and has laid-off in big numbers

*More details as we get them.
Vccircle was first to report this development, but their numbers are apparently wrong.

4 Comments

  1. After Redbus, Myntra, I am sure this will be the biggest acquisition in Indian M & A section! Great to see you guys! So Quickr is going to do some crazy things with CommonFloor product, isn’t it?

    let’s see!

  2. Making Stuff up as they go along. Its the typical Modus Operandi of VCs…Consolidation and putting up some big numbers..200 Mil ..really…I don’t think its worth even 20 million.

    Now, the VCs have complete control over the management.

  3. Are the figures verified, coz crunchbase shows $112 Million in cash and stock

    This is what happens when you have common investors in two different companies trying to solve the same problem. The smaller one always succumbs to slow death .

    Looks like this is the beginning of slow death of Real estate startups after the Online food startups

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