Commonfloor
|
The Online Realstate Portal | |
| Type of business | Privately held company |
|---|---|
| Founded | 2007 |
| Headquarters | Bangalore |
| Area served | India |
| Founder(s) |
Sumit Jain, Lalit Mangal, Vikas Malpani |
| CEO | Sumit Jain |
| Industry | Real Estate |
| Products |
Residential, CF Groups, CF Retina (Virtual Reality), Live-in Tours |
| Employees | 795 (as of June 2015) |
| Parent | maxHeap Technologies |
| Slogan(s) |
You Are Home, No Darr Find Ghar |
| Website |
www |
CommonFloor.com is an Indian real estate portal founded in 2007 by three computer science graduates from IIT Roorkee and JSSATE.[1] On 8 January 2015, CommonFloor received funding from Google Capital.[2] On 7 January 2016, the classifieds advertising platform Quikr announced that they have acquired CommonFloor.com.[3]
History
The company initially started as an apartment management solution provider and went on to be India's leading real estate platform that combines property search, apartment management and vendor management, and caters to a person's complete residential requirements across 150.[4]
CommonFloor has raised 4 rounds of funding from three investors. The most recent one being of around $10M[5] from Google Capital,[6] just three months after receiving $30 million funding from Tiger Global.
After 8 years and 4 rounds of funding CommonFloor is providing property search services in more than 120 cities across India. CommonFloor is listed in 33 startups by Tech in Asia.[7]
CommonFloor links neighbors who live in apartments by its CommonFloor Apartment Management System. Many apartments use this service for getting connected to the apartment community.[8] CommonFloor launched its Mobile App for seekers in March 2013; to provide facility to search properties and also provide facility to list properties.[9] CommonFloor launches National Consumer Sentiment Index a survey of 600 consumers in six metros and 15 tier-two cities across the country in October 2013.[10]
Real estate portal CommonFloor.com launches apartment management offering CommonFloor Groups,which provide apartment communities across the country better communication, management and coordination amongst residents, owners (residents or non-residential landlords) and Resident Welfare Associations (RWAs).[11] company is famous for building bridges between neighbours in bangalore by apartment management system.[12]
As of 25 April 2016, CommonFloor ranks as the top 9 startup for India in the StartupRanking.[13]
Acquisitions
In June 2015, CommonFloor invested $2.5 million in the seed funding round in Flatchat, an app to find roommates.[14]
In January 2015, CommonFloor acquired Bakfy, an app to anonymously share gossip, news, secrets, events, funny experiences, jokes and have interesting conversations with others in campus.[15]
In April 2014 CommonFloor acquired Flat.to, a startup that helps bachelors find a home for rent.[16]
Products
CommonFloor.com has 100,000+ projects and 500,000+ property listings for sale and rent across top cities in India.
Website features
CommonFloor website offers several features including advanced search filters, map based search, live-in tours, detailed information on any given property, such as square footage, the number of bedrooms and bathrooms, price range, location map, amenities, approvals, etc.
Live-In Tours
CommonFloor is the first Indian real estate website to introduce "Live-In Tours", a feature which enables visitors/users to experience the property from wherever they are. It saves time and effort in making physical visits to properties. This feature is also available on all mobile devices.[17]
Real estate market reports
CommonFloor publishes reports, titled "Real Insights", backed by fresh research from internal staff or outside consultants.
Mobile app
CommonFloor property search mobile app is available on Android, iPhone, and Windows Phone.[18]
CommonFloor Retina
It is the world's first virtual reality innovation in real estate that is available to the masses. This technological breakthrough offers real property experience for the seekers allowing them to view and assess multiple properties from anywhere at any time.[19]
References
- ↑ "Vikas Malpani, Sumit Jain and Lalit Mangal: Founders of CommonFloor, India's Largest Residential Community Portal". Success Stories.
- ↑ "Google Capital invests in Indian property website Commonfloor". Thomson Reuters.
- ↑ "Quikr merges CommonFloor.com with its real estate vertical QuikrHomes". Commonfloor Blog.
- ↑ "CommonFloor Fastest Growing Portal in India". Property Portal Watch.
- ↑ "Google Capital Invests in CommonFloor.com". Hindustan Times.
- ↑ "Google Capital Backs Online Real Estate Portal CommonFloor". Economic Times.
- ↑ "33 Startups in Asia That Caught Our Eye". Techinasia.
- ↑ "Link Thy Neighbour". Outlook Business.
- ↑ "CommonFloor Launches Mobile App". Property Portal Watch.
- ↑ "Good Year to Buy a Flat?". The Hindu.
- ↑ "Real Estate Portal CommonFloor.com Launches Apartment Management CommonFloor Groups, What's on Offer?". techcircle.in.
- ↑ "Building Bridges Between Neighbors". Business Standard.
- ↑ "India Top Startups - Freshdesk, Zomato, Jabong India | Startup Ranking". StartupRanking. Retrieved 2016-04-25.
- ↑ Shu, Catherine. "Roommate App Flatchat Gets $2.5M From CommonFloor, One Of India's Largest Real Estate Portals". TechCrunch. Retrieved 2015-12-06.
- ↑ "CommonFloor buys Bengaluru startup Bakfy - The Times of India". The Times of India. Retrieved 2015-12-06.
- ↑ "CommonFloor.com Acquires Flat.to". India Economic Times.
- ↑ "CommonFloor Introduces 'Live-in Tours' for the Secondary and Rental Properties, a First in the Industry". The Financial Express. 2015-05-12. Retrieved 2015-12-02.
- ↑ "Search portal launches mobile app". The Hindu Business Line. Retrieved 2015-12-02.
- ↑ "Virtual view of houses before you pick a home". Retrieved 2015-12-02.