Nov 30, 2015

Quikr to buy real estate portal

Quikr to buy real estate portal

Quikr and are at an advanced stage of discussion and the stock-and-cash deal is expected to be completed soon. Quikr is interested to buy real estate portal for an estimated $100-120 million.

The deal is likely to be an 80% stock and 20% cash component division. Existing investors in CommonFloor, including Google Capital Accel Partners will collectively get a 10% stake in Quikr.

About CommonFloor’s platform combines property search, apartment management and offers complete residential requirements. It has raised over $60 million till date and counts Accel Partners, Tiger Global and Google Capital among its investors.

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