Last week, Bangalore based maxHeap Technologies, which operates real estate search and listings platform CommonFloor, announced its first acquisition with Mumbai based Flat.to, a property listings platform focused on students and single professionals. The acquisition came just months after CommonFloor raised $10.4 million in a growth funding round from existing investors Accel Partners and Tiger Global Management. The platform, which claims more than 3 lakh active property listings and over 10,000 paid customers, is concentrating on pushing aggressively into mobile and expanding its ground presence beyond the existing 18 cities.
CommonFloor CEO Sumit Jain, who founded the company in 2007 with Lalit Mangal and Vikas Malpani, spoke to us last week about Flat.to, acquisitions, bootstrapping, fundraising and what’s coming up next. Edited excerpts: