Online classifieds company Quikr has completed the integration of CommonFloor.com six months after acquiring it.
Online classifieds company Quikr has completed the integration of CommonFloor.com six months after acquiring it. The company has brought all the employees of CommonFloor and Flatchat (owned by Commonfloor) under a single roof at its campus in Bengaluru.
However, Quikr has shut down the offices of CommonFloor-owned room mate finder and home rental app, Flatchat, the application will remain active even though its office has been shut down, the Quikr spokesperson told FE.
According to the company, Flatchat had an office at Domlur in Bengaluru and post expiry of the lease agreement in May this year, the office has been shut down. “Flatchat is merged with our messaging service Quikr Nxt. Flatchat will continue to function for the time being,” spokesperson added.
About 35 people, who were working in Flatchat have been integrated with the operations of Quikr at their campus, while some of them had left the company post the acquisition, the spokesperson added.
CommonFloor had acquired Flatchat in April 2014. The company had operations even in Singapore besides India. Quikr acquired CommonFloor for a reported $200 million in January this year. Subsequently, the company had downsized the staff strength so as to suit its requirements. Though the company has not disclosed the number of job losses, it is estimated to be in the order of 150 persons. Prior to acquiring CommonFloor, Quikr launched its online real estate portal QuikrHomes in September 2015.