CommonFloor.com is an Indian real estate portal founded in 2007 by three computer science graduates from IIT Roorkee and JSSATE.[1] On 8 January 2015, CommonFloor received funding from Google Capital.[2] On 7 January 2016, the classifieds advertising platform Quikr announced that they have acquired CommonFloor.com.[3]
History
The company initially started as an apartment management solution provider and went on to be a real estate platform that combines property search, apartment management, and vendor management.[4]
CommonFloor has raised 4 rounds of funding from three investors. The most recent one being of around $10M[5] from Google Capital,[6] just three months after receiving $30 million funding from Tiger Global.
After 8 years and 4 rounds of funding, CommonFloor is providing property search services in more than 120 cities across India.[citation needed] CommonFloor is listed in 33 startups by Tech in Asia.[7]
CommonFloor links neighbors who live in apartments by its CommonFloor Apartment Management System. Many apartments use this service for getting connected to the apartment community.[8] CommonFloor launched its Mobile App for seekers in March 2013 to provide the facility to search properties and also provide facility to list properties.[9] CommonFloor launches National Consumer Sentiment Index a survey of 600 consumers in six metros and 15 tier-two cities across the country in October 2013.[10]
Real estate portal CommonFloor.com launches apartment management offering CommonFloor Groups, which provide apartment communities across the country better communication, management, and coordination amongst residents, owners (residents or non-residential landlords), and Resident Welfare Associations (RWAs).[11]
As of 25 April 2016, CommonFloor ranks as the top 9 startup for India in the StartupRanking.[12]
Acquisitions
In June 2015, CommonFloor invested $2.5 million in the seed funding round in Flatchat, an app to find roommates.[13]
In January 2015, CommonFloor acquired Bakfy, an app.[14]
In April 2014, CommonFloor acquired Flat.to, a startup that helps bachelors find a home for rent.[15]
External links
References
- ^ "Vikas Malpani, Sumit Jain and Lalit Mangal: Founders of CommonFloor, India's Largest Residential Community Portal". Success Stories.
- ^ "Google Capital invests in Indian property website Commonfloor". Thomson Reuters. Archived from the original on 20 December 2015.
- ^ "Quikr merges CommonFloor.com with its real estate vertical QuikrHomes". Commonfloor Blog. Archived from the original on 4 March 2016. Retrieved 8 January 2016.
- ^ "CommonFloor Fastest Growing Portal in India". Property Portal Watch. Archived from the original on 18 May 2015. Retrieved 7 February 2015.
- ^ "Google Capital Invests in CommonFloor.com". Hindustan Times. Archived from the original on 10 January 2015.
- ^ "Google Capital Backs Online Real Estate Portal CommonFloor". Economic Times. Archived from the original on 27 February 2015.
- ^ "33 Startups in Asia That Caught Our Eye". Techinasia.
- ^ "Link Thy Neighbour". Outlook Business.
- ^ "CommonFloor Launches Mobile App". Property Portal Watch. Archived from the original on 8 March 2013. Retrieved 6 February 2015.
- ^ "Good Year to Buy a Flat?". The Hindu.
- ^ "Real Estate Portal CommonFloor.com Launches Apartment Management CommonFloor Groups, What's on Offer?". techcircle.in.
- ^ "India Top Startups – Freshdesk, Zomato, Jabong India | Startup Ranking". StartupRanking. Retrieved 25 April 2016.
- ^ Shu, Catherine. "Roommate App Flatchat Gets $2.5M From CommonFloor, One Of India's Largest Real Estate Portals". TechCrunch. Retrieved 6 December 2015.
- ^ "CommonFloor buys Bengaluru startup Bakfy – The Times of India". The Times of India. Retrieved 6 December 2015.
- ^ "CommonFloor.com Acquires Flat.to". India Economic Times.