The online real estate war is heating up and Commonfloor is in talks to acquire IndiaProperty. The deal is currently in due diligence stage.
IndiaProperty was hived off as a separate business in 2013 and raised $12mn in Series B in December 2013.
IndiaProperty, as we speak is also looking to raise close to $50mn in Series C. Either way, the deal will happen – i.e. Series C or C, i.e. Commonfloor.
Update from IndiaProperty:
“These are just baseless rumors and have no truth in them. Indiaproperty.com has no plans to sell out, in fact we will be soon closing Series C funding in a couple of weeks. We are capital efficient and are in the process of rapidly expanding our operations in India and abroad.”