CommonFloor Founders Quit Quikr, One Year After Acquisition

It is unclear if the founders are planning something together or are headed towards individual ventures.
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Sumit Jain, Vikas Malpani and Lalit Mangal, the three founders of CommonFloor, have quit the company they built, a year after it was acquired by Quikr for $200 million.

“CommonFloor has been a great addition to our real estate portfolio…After a planned period of transition, the CommonFloor founding team is moving on to their next endeavour and we wish them all the best in their future journey. We will continue to invest in and build QuikrHomes, CommonFloor and Grabhouse as leading franchises in the Indian online real estate industry,” Quikr said.

The CommonFloor Story

Sumit Jain, Co-founder & CEO of CommonFloor spoke about experiments, pivots and lessons learned while building Commonfloor at UnPluggd, India’s biggest startup and tech conference.

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