Days after the news of Quikr acquiring Commonfloor, yet another news of an acquisition by Quikr is making rounds. In a latest press statement, Quikr has confirmed the acquisition of RealtyCompass. However, the terms of this deal were not disclosed.
This acquisition is being looked from the prospective of Quikr strengthening the newly launched Quikr Homes, as RealtyCompass will add a lot to the value, being a realty analytical company.
“It (RealtyCompass) addresses the needs of the evolved home buyers and investors who seek better decision-making tools. It also complements our offerings to consumers as we continue to build an all-inclusive real-estate marketplace with QuikrHomes,” said Manish Sinha, head of QuikrHomes.
RealtyCompass was founded in 2013 by Nimesh Bhandari, Sankara Srinivasan and Alok Mishra. The role of co-founders of RealtyCompass after the acquisition is not yet clear, however, rumors suggest that RealtyCompass will continue to work as an independent entity for sometime.