Why CommonFloor’s $200M exit felt like a loss to co-founder Vikas Malpani
Vikas Malpani expected to feel successful after Quikr acquired CommonFloor in 2016, but instead experienced a sense of loss after leaving behind a company that had shaped his professional life for years. After spending several years building the property platform, he decided to start again with new ventures rather than remain in the real estate industry.
The deal that brought CommonFloor into Quikr
Vikas Malpani founded CommonFloor in 2007 with Sumit Jain and Lalit Mangal. What started as a platform for apartment communities eventually grew into a major online property portal. In January 2016, Quikr merged CommonFloor with its real estate business, QuikrHomes. Although the financial terms were not officially disclosed, reports and Malpani's account placed the deal value above $200 million. The three co-founders left the company around a year later.
Starting over after CommonFloor
After the acquisition, Malpani explored different career options but chose entrepreneurship again. He co-founded Leher, a social platform focused on live audio and video, which introduced him to a completely different business model. He later became the co-founder and CEO of Garvik AI, which develops AI solutions for businesses. Its ReBillion.ai platform helps employees find company information and allows organisations to build AI assistants for sectors such as banking, manufacturing, education technology and real estate.
Vikas Malpani expected to feel successful after Quikr acquired CommonFloor in 2016, but instead experienced a sense of loss after leaving behind a company that had shaped his professional life for years. After spending several years building the property platform, he decided to start again with new ventures rather than remain in the real estate industry.
The deal that brought CommonFloor into Quikr
Vikas Malpani founded CommonFloor in 2007 with Sumit Jain and Lalit Mangal. What started as a platform for apartment communities eventually grew into a major online property portal. In January 2016, Quikr merged CommonFloor with its real estate business, QuikrHomes. Although the financial terms were not officially disclosed, reports and Malpani's account placed the deal value above $200 million. The three co-founders left the company around a year later.
Starting over after CommonFloor
After the acquisition, Malpani explored different career options but chose entrepreneurship again. He co-founded Leher, a social platform focused on live audio and video, which introduced him to a completely different business model. He later became the co-founder and CEO of Garvik AI, which develops AI solutions for businesses. Its ReBillion.ai platform helps employees find company information and allows organisations to build AI assistants for sectors such as banking, manufacturing, education technology and real estate.
Vikas Malpani founded CommonFloor in 2007 with Sumit Jain and Lalit Mangal. What started as a platform for apartment communities eventually grew into a major online property portal. In January 2016, Quikr merged CommonFloor with its real estate business, QuikrHomes. Although the financial terms were not officially disclosed, reports and Malpani's account placed the deal value above $200 million. The three co-founders left the company around a year later.
Starting over after CommonFloor
After the acquisition, Malpani explored different career options but chose entrepreneurship again. He co-founded Leher, a social platform focused on live audio and video, which introduced him to a completely different business model. He later became the co-founder and CEO of Garvik AI, which develops AI solutions for businesses. Its ReBillion.ai platform helps employees find company information and allows organisations to build AI assistants for sectors such as banking, manufacturing, education technology and real estate.
After the acquisition, Malpani explored different career options but chose entrepreneurship again. He co-founded Leher, a social platform focused on live audio and video, which introduced him to a completely different business model. He later became the co-founder and CEO of Garvik AI, which develops AI solutions for businesses. Its ReBillion.ai platform helps employees find company information and allows organisations to build AI assistants for sectors such as banking, manufacturing, education technology and real estate.
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