CommonFloor founders quit a year after merger with Quikr

Just over a year after online classifieds portal Quikr announced the acquisition of realty portal CommonFloor, the latter’s three co-founders have quit the merged entity. Sumit Jain, co-founder and former CEO of CommonFloor, confirmed the development to Techcircle, adding the “reason of moving was to pursue other interests.” CommonFloor, run by maxHeap Technologies Pvt Ltd, […]

Read more

PropTiger-Housing deal to be signed this week

PropTiger-HousingOnline property broker PropTiger and SoftBank-funded realty portal Housing.com are in the final leg of talks to ink a merger that may be announced as early as this week, two persons aware of the development told Techcircle. This would mark the second such consolidation among the top tier ventures in the online real estate or […]

Read more

Quikr’s FY16 loss widens; other income props up revenue

QuikrOnline classifieds site Quikr India Pvt. Ltd posted a wider loss for the year through March 2016, but the pace of increase slowed sharply as it controlled its expenses after expanding at a breakneck pace in previous years. Net loss for 2015-16 expanded to Rs 534 crore from Rs 446 crore the year before, show […]

Read more

Exclusive: Why Times Internet wouldn’t be raising $100 mn for Magicbricks

Offer-ThinkstockPhotos-5212026922Times Internet Ltd (TIL), the digital business arm of media conglomerate Bennett Coleman, and Co. Ltd (BCCL) that runs several market-leading newspapers as well TV news channels, has scrapped its plans to raise $100 million from external sources for its realty portal MagicBricks. TIL CEO Gautam Sinha told Techcircle that the company shelved the plan as […]

Read more