Quikr is in dialogue to receive CommonFloor, a possessions canonings vein. The administer desire be value sternly $200 zillion and assist Quikr establish its material goods organization upright into an commerce superior, says TechCrunch.
In a jam report CommonFloor assumed: “We are in the central of fund-raising, and nearby are aggregate options being considered. We acquire not up to now finalized sole. We are operative at double levels to protect our nurturing takes site in a interminable way. As a assemblage approach we do not expansion on speculations, wherefore gently persevere as we intent disclose the whole of each the stakeholders when the patch is fully grown. We are sworn to our insight of organizing material goods commerce in Bharat.”
Quikr and CommonFloor are both Someone Far-reaching portfolio companies. Quikr has lift up $346 meg up to now, says CrunchBase. Its opposite investors subsume Venture ante AB Kinnevik, and Biochemist Physiologist. Commonfloor’s total number financing is $62.9 billion, raise from Person Wide-ranging, Msn Funds, and Accel, TechCrunch further.
Quikr claims to be Bharat’s maximal ad milieu and CommonFloor, supported in 2007, already claims to be Bharat’s meridian real-estate agendaings gateway.
CommonFloor generated a returns of Rs. 44 crores ($7mn) in fiscal period 2014-15