Quikr, which is also raising cash at a $1.5bn valuation, is set to acquire the Google-backed property listings platform for about $160m in cash and stock.
Classified listings platform Quikr is set to acquire India-based realty portal CommonFloor for $160m in a deal that will enable internet company Google to exit, Times of India has reported.
CommonFloor operates a realty listings platform that encompasses around 500,000 properties. It has raised about $63m in funding from Google Capital, which acts as Google’s growth equity unit, venture capital firm Accel Partners and investment firm Tiger Global Management.
Quikr plans to pay 80% of the sale price in stock…
