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.