Quikr May Buy CommonFloor.com for $100-120 Million

Talks are reportedly at an advanced stage but both the companies refused to comment on the deal.

The landing page of Commonfloor website. (Photo Courtesy: Commonfloor)

Online classifieds player Quikr may buy real estate portal CommonFloor.com for an estimated $100-120 million.

According to sources, Quikr and CommonFloor.com are at an advanced stage of discussion and the stock-and-cash deal is expected to be completed soon.

When contacted, Quikr and CommonFloor.com spokespersons said that they do not want to comment on market speculations.

However, CommonFloor.com said that it is in the middle of fundraising while Quikr is looking to strengthen its real estate business.

Launched in 2007 by Sumit Jain, Lalit Mangal and Vikas Malpani, 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.