Tracing the speculation of the deal we reached out to CommonFloor and got the response as:
We are in the middle of fund-raising and there are multiple options on the table. We have not yet finalised one. We are working on multiple levels to ensure our growth takes place in a sustained manner. As a company policy, we do not comment on speculations, therefore, kindly hold on as we will inform all the stakeholders when the time is ripe. We are committed to our vision of organising real estate industry in India.
In an emailed response, Quikr stated:
As part of our verticalisation strategy, we are strengthening our focus in our largest markets such as C-2-C, Cars, Real Estate, Jobs and Services. However, we cannot comment on market speculations at this stage.
In the much-coveted deal of the year, classifieds major Quikr has reportedly acquired Bangalore-based online realty portal CommonFloor in a stock-and-cash deal for $200 Mn.
As per the reports, CommonFloor will continue to operate as a stand-alone entity and be part of Quikr’s new vertical, Quikr Homes.