RealtyCompass, the real state analytics platform has been acquired by online classified platform Quikr. The RealtyCompass is a real estate analytics platform that allows customers and investors to choose good property by providing them builders ratings and project analysis. The Bangalore based company, Quikr has acquired this new firm to enhance its real estate sector.
RealtyCompass was founded by Nimesh Bhandari, Sankara Srinivasan and Alok Mishra back in 2013, which is now a part of Quikr. Quikr has not revealed the value of the RealtyCompass deal. Quikr wants to strengthen its QuikrHomes sector, so the company has been investing in real estate startups.
Pranay Chulet, founder of Bangalore based Quikr said about the real estate deal, “Real Estate is a key category for us. We have been keenly developing some innovations that have the potential to reshape the market landscape and the acquisition of realtycompass will help us bring more such solutions to our users. We welcome the realtycompass team to the Quikr family.”
RealtyCompass shows the ratings and project analysis of any properties, which has been derived from more than 100 data points. Ultimately, these ratings and user recommendation helps customers and investors to make better decisions about any properties. Quikr will continue improving RealtyCompass platform by adding some more features like social sentiment analysis, user credit scores, project approvals and some more.
Quikr is also planning to acquire real estate marketplace CommonFloor for $200 Million in a stock and cash deal. As of now, QuikrHomes operates in more than 1,000 cities and towns in India and it also helps in concluding more than 200,000 transactions per month. With these moves, it becomes clear that Quikr is very serious about strengthening its real estate business.