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Quikr Merges Common Floor with QuikrHomes

Quikr, India’s No. 1 cross-category classifieds business, has merged CommonFloor.com with its real estate vertical QuikrHomes.

Published: 08th January 2016 03:28 AM  |   Last Updated: 08th January 2016 03:28 AM   |  A+A-

BENGALURU: Quikr, India’s No. 1 cross-category classifieds business, has merged CommonFloor.com with its real estate vertical QuikrHomes to create the biggest online real estate. Quikr had reportedly acquired CommonFloor.com for about $160 million (over `1,000 crore). This is Quikr’s fourth and the biggest strategic move in the real estate category since the launch of QuikrHomes about four months ago. The merger, expected to be completed over the next two to three months, will give CommonFloor.com access to Quikr’s 30 million consumers and harness the potential of the cross category nature of the platform, while QuikrHomes will benefit from CommonFloor’s structured data and domain expertise. The combined force of two entities will create a strong online real estate industry leader, which has the largest inventory and property seeker traffic in the country. The company will continue to operate both brands in the market and honor the commitment towards their respective customers. 

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