Why CommonFloor’s $200M exit felt like a loss to co-founder Vikas Malpani
A decade after Quikr bought the real estate portal, Malpani reflects on leaving the startup he had spent years building and why he chose to start again.
Vikas Malpani, co-founder of CommonFloor, felt the $200M exit to Quikr was a loss, not a win. Co-founding CommonFloor in 2007 with Sumit Jain and Lalit Mangal, the startup started as a tool for apartment communities before evolving into a property portal with millions of users. The deal, worth $200 million, saw Malpani and his co-founders leave CommonFloor about a year after the acquisition.
Despite the acquisition, Malpani misses the structure CommonFloor provided him, expressing it on LinkedIn. Quikr's acquisition of CommonFloor helped expand its online property listings, while other purchases like Grabhouse broadened its reach into managed rentals. Malpani, now co-founder and CEO of Garvik AI, has moved on to AI tools for businesses, a different field from his property portal days.
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