We told you about the confirmed acquisition of Commonfloor by Quikr.
And while a lot of NextBigWhat readers are wondering whether the news is correct or not, Quikr and Commonfloor are making the final announcement today at Quikr’s Bangalore office.
The deal, from what we know values Commonfloor at $200mn (100% equity) and the company will continue to operate as a stand-alone entity.
Plus, one of the Commonfloor founders will get a board set at Quikr.
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.
– More details as we get them.