Quikr has acquired realtycompass, a real-estate analytics platform which helps end consumers and investors by providing builder ratings and detailed project analysis. Ratings and user recommendations on realtycompass platform are derived from 100+ data points.
Realtycompass was founded by Nimesh Bhandari, Sankara Srinivasan and Alok Mishra in 2013.
Pranay Chulet, Founder and CEO, Quikr said, “Real Estate is a key category for us. We have been keenly developing some innovations that have the potential to reshape the market landscape and the acquisition of realtycompass will help us bring more such solutions to our users. We welcome the realtycompass team to the Quikr family.”
Quikr will continue to invest and develop the realtycompass platform by adding project approvals, social sentiment analysis and user credit score among others.
The company had recently acquired Indian Realty Exchange (IRX), a mobile-first aggregator of real estate agents. Quikr has also made an investment in A N Virtual World Tech, the company that runs hyper-local search engine.
The company also recently acquired seven year old Commonfloor for an amount close to $200mn.
QuikrHomes claims that it currently connects customers from over 1000 cities and towns across India and it helps conclude 2 lakh plus transactions per month.