Commonfloor

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]

CommonFloor
The Online Realstate Portal
Type of businessPrivately held company
Founded2007
HeadquartersBangalore
Area servedIndia
Founder(s)Sumit Jain,
Lalit Mangal,
Vikas Malpani
CEOSumit Jain
IndustryReal estate
ProductsResidential,
CF Groups,
CF Retina (Virtual Reality),
Live-in Tours
Employees795 (as of June 2015)
ParentmaxHeap Technologies
URLwww.commonfloor.com

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. 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]

References
  1. "Vikas Malpani, Sumit Jain and Lalit Mangal: Founders of CommonFloor, India's Largest Residential Community Portal". Success Stories.
  2. "Google Capital invests in Indian property website Commonfloor". Thomson Reuters.
  3. "Quikr merges CommonFloor.com with its real estate vertical QuikrHomes". Commonfloor Blog.
  4. "CommonFloor Fastest Growing Portal in India". Property Portal Watch. Archived from the original on 18 May 2015. Retrieved 7 February 2015.
  5. "Google Capital Invests in CommonFloor.com". Hindustan Times.
  6. "Google Capital Backs Online Real Estate Portal CommonFloor". Economic Times.
  7. "33 Startups in Asia That Caught Our Eye". Techinasia.
  8. "Link Thy Neighbour". Outlook Business.
  9. "CommonFloor Launches Mobile App". Property Portal Watch. Archived from the original on 8 March 2013. Retrieved 6 February 2015.
  10. "Good Year to Buy a Flat?". The Hindu.
  11. "Real Estate Portal CommonFloor.com Launches Apartment Management CommonFloor Groups, What's on Offer?". techcircle.in.
  12. "India Top Startups – Freshdesk, Zomato, Jabong India | Startup Ranking". StartupRanking. Retrieved 25 April 2016.
  13. Shu, Catherine. "Roommate App Flatchat Gets $2.5M From CommonFloor, One Of India's Largest Real Estate Portals". TechCrunch. Retrieved 6 December 2015.
  14. "CommonFloor buys Bengaluru startup Bakfy – The Times of India". The Times of India. Retrieved 6 December 2015.
  15. "CommonFloor.com Acquires Flat.to". India Economic Times.
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