Your browser is currently blocking notification.
Please follow this instruction to subscribe:
X
Notifications are already enabled.
X

Here’s What The CommonFloor Founder Mailed His Employees About The #QuikrCommonFloor Acquisition

Here’s What The CommonFloor Founder Mailed His Employees About The #QuikrCommonFloor Acquisition

After making headlines for months, Quikr, today, finally acquired Commonfloor to merge it with its real estate vertical QuikrHomes. 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, which is expected to be completed over the next two to three months, will give CommonFloor.com access to Quikr’s 30 Mn 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.

Given that the two companies have the same technology stack, the CommonFloor.com team will have expanded scope across Quikr’s four other verticals in order to further accelerate its growth.

In an email with a subject – “This new year, we’ve got Bigger & Quicker” forwarded to all his employees, Sumit, Jain, Founder, Commonfloor – highlighted and clarified what will be the immediate impact of the merger and how will the two entities will operate.

Here is the snapshot of the mail:

cf-ceo-letter

Commonfloor was launched in 2007 by Sumit Jain, Lalit Mangal and Vikas Malpani; and counts Accel Partners, Tiger Global and Google Capital as investors.

Author

Team Inc42

Inc42 Staff

Inc42 Media is a digital media startup known for its end-to-end coverage of the Indian Startup Ecosystem. Inc42 has published 15,000+ stories so far and touch the lives of over 10 million people every month. Join us and be the part of the startup revolution.

Responses
https://inc42.com/buzz/chinas-ctrip-com-invests-180-mn-in-makemytrip/
Loading Next…

Upcoming Events