The deal values Commonfloor at $200mn and the company will continue to operate as a stand-alone entity. Started 7 years back, Commonfloor last raised $12mn from Google Ventures and has launched multiple products – right from VR to visualized market data using GIS.
The deal, from what we know values Commonfloor at $200mn and the company will continue to operate as a stand-alone entity. Started 7 years back, Commonfloor last raised $12mn from Google Ventures and has launched multiple products.
The deal, from what we know values Commonfloor at $200mn and Commonfloor will continue to operate as a stand-alone entity. Started 7 years back, Commonfloor last raised $12mn from Google Ventures and has launched multiple products – right from VR to visualized market data using GIS.
One of the reasons cited for the deal to be called off is the equity-cash ratio breakup offered by Quikr. Yesterday, Commonfloor leadership team held a townhall meeting to assure employees that things are fine and that they have enough cash at hand for 15 months runway.
CommonFloor has come up with a Geographic Information System based real estate report which highlights key trends in the real estate market across cities. It offers spatial analysis and statistics—includes formal techniques which study entities using their topological, geometric, or geographic properties.
CommonFloor Groups, a subsidiary of commonfloor.com, launched “Smart Guard’— a mobile app that enables gated communities to record visitor information digitally. The app aims to increase security in communities by allowing security guards to record the movement of visitors through the mobile app.
Property buyer can get 360 degree view or a street view of the location mapped on google maps (along with geo-code) this eliminates the need to visit the location in person which provides buyers a comprehensive perspective of the locality. Commonfloor has mapped 100 localities in Bangalore, Delhi and Mumbai on this feature.
If you throw shit, people throw back more. If you throw flowers, people might not return the favour. I feel later is any day better. Be the last man standing. Be the guiding force. Be the custodian of the vision. Be the first one to come and the last one to go.
Flatchat has crossed 50,000+ users across both Android and iOS platforms, with 80% of the traffic coming from Android. More than 350,000 messages were exchanged on the platform last month and the product has seen a growth of 100% MOM.
IndiaProperty was hived off as a separate business in 2013 and raised $12mn in Series B. IndiaProperty, as we speak is also looking to raise close to $50mn in Series C.
The online real estate platform, CommonFloor, has launched ‘Live-in Tours’ with 360-degree virtual tour for the rental and resale realty market in India. The feature allows the user to get a complete perspective of the rental, resale & new properties listed on the website. The company is planning to introduce this feature across 18 major cities by March 2016 and as well as to have five lakh properties listed with Live-in Tours.
Zillow and Trulia in US are not doing any of this yet and all of them have billion dollar market caps!
A marching month !
The fund will primarily be used to go deep in Tier-2 cities.
We deploy a fairly large range of monetary and non-monetary tools ranging from variable pay/incentives to spot awards and pat on the back.
In their first year CommonFloor voluntarily ignored funding. For three years between 2009 and 2011, the company functioned with a team of 20, mostly interns.