CommonFloor.com is an Indian

real estate Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more genera ...

portal founded in 2007 by three computer science graduates from

IIT Roorkee Indian Institute of Technology Roorkee (abbreviated IIT Roorkee) is a technical university located in Roorkee, Uttarakhand, India. It is the oldest engineering institution in India, and was founded as the College of Civil Engineering in Brit ...

and

JSSATE J.S.S. Academy of Technical Education, Bengaluru (JSSATEB), or in its full name Jagadguru Sri Shivarathreeshwara Academy of Technical Education, Bengaluru, is an engineering college in Bangalore, India established in 1997 and managed by JSS M ...

. On 8 January 2015, CommonFloor received funding from

Google Capital CapitalG (formerly Google Capital) is the independent growth fund under Alphabet Inc. Founded in 2013, it focuses on larger, growth-stage technology companies, and invests for profit rather than strategically for Google. In addition to capital ...

. On 7 January 2016, the classifieds advertising platform

Quikr Quikr, is an Indian online marketplace and classified advertising company, based in Bangalore, India. It was founded by Pranay Chulet. Quikr has listings in over 1000 cities in India in categories such as mobile phones, household goods, cars, ...

announced that they have acquired 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. CommonFloor has raised 4 rounds of funding from three investors. The most recent one being of around $10M from Google Capital, just three months after receiving $30 million funding from

Tiger Global Tiger Global Management, LLC (often referred to as Tiger Global and formerly known as Tiger Technology) is an American investment firm. It mainly focuses on Internet, software, consumer, and financial technology industries. Background and histo ...

. 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''. 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. CommonFloor launched its Mobile App for seekers in March 2013 to provide the facility to search properties and also provide facility to list properties. 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. 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). As of 25 April 2016, CommonFloor ranks as the top 9 startup for India in the StartupRanking.

Acquisitions

In June 2015, CommonFloor invested $2.5 million in the seed funding round in Flatchat, an app to find roommates. In January 2015, CommonFloor acquired Bakfy, an app. In April 2014, CommonFloor acquired Flat.to, a startup that helps bachelors find a home for rent.

External links

References

{{Reflist Indian real estate websites Indian companies established in 2007 Companies based in Bangalore Online financial services companies of India 2007 establishments in Karnataka