Quikr and CommonFloor.com 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 CommonFloor.com 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.
CommonFloor.com’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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