Template:Infobox dot-com company
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.Template: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.
- ↑ Quikr merges CommonFloor.com with its real estate vertical QuikrHomes. Commonfloor Blog.
- ↑ CommonFloor Fastest Growing Portal in India. Property Portal Watch. Retrieved 7 February 2015.
- ↑ Google Capital Invests in CommonFloor.com. Hindustan Times.
- ↑ Google Capital Backs Online Real Estate Portal CommonFloor. Economic Times.
- ↑ 33 Startups in Asia That Caught Our Eye. Techinasia.
- ↑ Link Thy Neighbour. Outlook Business.
- ↑ CommonFloor Launches Mobile App. Property Portal Watch. 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 2016-04-25.
- ↑ Roommate App Flatchat Gets $2.5M From CommonFloor, One Of India’s Largest Real Estate Portals, Shu, Catherine. TechCrunch.
- ↑ CommonFloor buys Bengaluru startup Bakfy – The Times of India. The Times of India.
- ↑ CommonFloor.com Acquires Flat.to. India Economic Times.