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Quikr acquires Realtycompass to boost its real estate offering

Online classifieds business Quikr has acquired real estate analytics startup Realtycompass to boost its offerings in the real estate space and also complement Quikr Homes, reports the Economic Times. Started in 2013 by Nimesh Bhandari, Sankara Srinivasan and Alok Misra, Realty compass offers users ratings and user recommendations for real estate projects using more than 100 data points. The publication added that following the deal Quikr will continue to invest in Realtycompass and add project approvals, social sentiment analysis and user credit score among others. Quikr launched QuikrHomes in September and the portal allows users search for residential, commercial or agricultural properties to either buy or rent, in various cities like Pune, Delhi, Chennai, Bangalore, Mumbai and Hyderabad. Quikr had made the announcement in April for the realty portal and at the time had said there were 20 lakh active real estate listings and had accounted for 50% of the transactions on the portal. In April, Quikr had raised $40.5 million from AB Kinnevik and had said that it would use the funds to invest in its mobile business and strengthen its hold in categories like goods, cars, real estate, jobs and services. Other acquisitions and investments  - Earlier this week, MediaNama reported that Quikr is likely to complete its acquisition of its real estate portal Commonfloor for $200 million. According to the source, the two entities (Commonfloor and Quikr) will continue to operate independently, and both brands will continue to exist. - In November, Quikr acquired mobile real estate agent aggregator Indian Realty Exchange for an undisclosed amount. Founded earlier…

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