# Commonfloor.com

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/commonfloor-com

- Industry: Software
- Headquarters: Bangalore, India
- Website: www.commonfloor.com
- Total disclosed funding: $57M
- Latest round: Series F (Dec 24, 2014)
- Investors on record: 3

## About

Commonfloor.com is a prominent real estate platform in India, facilitating property transactions and connections between buyers, sellers, and renters. It offers a wide range of services to enhance the real estate experience for users.Commonfloor.com, founded in 2007, operates as a real estate platform that connects users with residential property transactions. Based in Bangalore, India, the company has executed a total of 8 deals, with the most recent transaction occurring on January 7, 2016. This involved an Add-on Trade Sale where Quikr India Pvt Ltd. led a funding round amounting to USD 200 mn. The company has raised a total of USD 603.51 mn. Tahsin Murtaza serves as the CEO of Commonfloor.com.CommonFloor.com operates as a leading real estate platform in India, providing a comprehensive suite of services for property transactions, including buying, selling, and renting residential properties. The platform facilitates connections between property seekers, owners, and tenants, streamlining the real estate process across various cities, including Bangalore, Mumbai, Noida, Chennai, and Hyderabad. Users can search through over 500,000 active property listings, which encompass a diverse range of residential options such as independent houses, apartments, and plots. CommonFloor also offers detailed insights into residential projects, including current market trends, locality descriptions, and builder profiles, which aid in informed decision-making for its clientele. The service caters to a broad customer base, including individual homebuyers, real estate agents, and developers, thereby addressing the diverse needs of both end users and industry professionals.CommonFloor.com generated revenue of USD 3,214,510.60 in 2017, with an EBITDA of -USD 3,101,342.50 for the same year. The company generates revenue primarily through transactional services related to real estate, encompassing various pricing structures tailored to its product offerings. The platform provides a marketplace where property listings are featured, allowing homeowners and agents to connect directly with potential buyers or renters. Transactions typically occur in a B2C model, where end users engage with listings for rental or purchase agreements. Additionally, the company may offer subscription-based models for real estate agents or developers seeking to enhance their visibility on the platform. CommonFloor’s business transactions are structured to facilitate seamless communication and negotiations, ensuring that both parties can efficiently finalize agreements for properties in its extensive listings.In January 2016, Quikr India Pvt Ltd. acquired Commonfloor.com in a USD 200 mn all-stock deal. Following this acquisition, Commonfloor is expected to leverage the new resources and support to enhance its product offerings and expand its market reach. The company has plans to develop new products aimed at improving user experience, although specific release dates are currently not disclosed. Additionally, Commonfloor is targeting expansion into new geographic regions within India, aiming to strengthen its presence in Tier-2 cities by 2018. The recent funding will be utilized to support these initiatives, ensuring a robust strategy for growth and development.

## Funding rounds

- Series F, Dec 24, 2014, $9.6M — CapitalG
- Series E, Oct 7, 2014, $30M — Tiger Global Management
- Series D, Nov 11, 2013, $10M — Accel, Tiger Global Management
- Series C, Apr 20, 2013, $4.5M — Accel, Tiger Global Management
- Series B, Sep 6, 2011, $2.9M — Accel, Tiger Global Management
- Series B, Jul 18, 2011, $0.1M — Accel
- Series A, Aug 13, 2009, $0.2M — Accel

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Series A, Series B, Series C, Series D
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series B, Series C, Series D, Series E
- CapitalG (https://capitalatlas.ai/funds/capitalg) — Series F