wordpress blog stats
Connect with us

Hi, what are you looking for?

Quikr fires over 150 CommonFloor employees: report


Classifieds portal Quikr has fired more than 150 employees from CommonFloor, according to a report by Inc42. The report, which cited sources, said that Quikr laid off a 15 member design team, along with 5-10 employees in the engineering team, 5 employees in the product team and 20-30 employees in the services team.

MediaNama has reached out to Quikr and CommonFloor about the development and will update this if we hear from them. However, the companies sent a statement to several media outlets which said the following:

“Bangalore will now serve as the main hub for all business functions of both Quikr and CommonFloor. As part of the overall integration exercise, we have been analysing all our assets and believe it is best to consolidate our physical as well as people assets based on our business needs. Together, we are highly committed to our consumers, people, partners and growing business in India.”

In January, Quikr announced that it has merged property portal CommonFloor with its real estate vertical QuikrHomes. MediaNama had confirmed the merger earlier in November and reports then had said that the size of the deal was $200 million. At the time, the companies said they would continue to operate as separate entities. Following the merger, CommonFloor CEO Sumit Jain had assured employees in an email that they “should not worry about their job or role.”

The deal would give CommonFloor access to Quikr’s 30 million users and expanded scope across Quikr’s four other verticals.

Commonfloor was launched in 2007 by Sumit Jain, Lalit Mangal and Vikas Malpani; and counts Accel Partners, Tiger Global and Google Capital as investors.

Advertisement. Scroll to continue reading.


Quikr launched QuikrHomes in September 2015 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 October, Quikr made a strategic investment in Genesys International‘s venture AN Virtual Tech. In December, Quikr acquired real estate analytics startup Realtycompass to boost its offerings in the real estate space and also complement Quikr Homes.

Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



The US and other countries' retreat from a laissez-faire approach to regulating markets presents India with a rare opportunity.


When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.


The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.


In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...


By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...

You May Also Like


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ