October 22, 2016 5:43 PM ET

Internet Software and Services

Company Overview of maxHeap Technologies Private Limited

Company Overview

maxHeap Technologies Private Limited offers home seekers, sellers, and real estate professionals with an online real estate ecosystem. The company was founded in 2007 and is based in Bengaluru, India. As of January 31, 2016, maxHeap Technologies Private Limited operates as a subsidiary of Quikr India Private Limited.

7th Floor, Tower B

Diamond District

No. 150, Old Airport Road


Bengaluru,  560 008


Founded in 2007


91 96 2020 6090


91 80 4123 2748

Key Executives for maxHeap Technologies Private Limited

Co-Founder and Chief Executive Officer
Co-Founder, Chief Technology Officer and Chief Product Officer
Co-Founder and Vice President of Communities
Vice President of Finance
President of Business Operations
Compensation as of Fiscal Year 2016.

maxHeap Technologies Private Limited Key Developments

Quikr Lays Off More Than 150 CommonFloor Employees

The acquisition of CommonFloor by Quikr is taking a toll on the former's employees. Quikr, which paid around $100 million for the real estate inventory aggregator, is laying off more than 150 CommonFloor employees. The process had started in February and many CommonFloor employees have left the company since then. Quikr announced that Bengaluru will now serve as main hub for all business functions of both Quikr and CommonFloor.

Quikr Reportedly To Buy Realty Portal, CommonFloor For $160 Million

Quikr India Private Limited reportedly to buy maxHeap Technologies Pvt. Ltd. (CommonFloor) for $160 Million. Tiger Global an existing investor in both is expected to put fresh capital into Quikr through primary issuance of shares. Existing investors Google Capital and Accel Partners in CommonFloor, will collectively get a 10% stake in Quikr.

Quikr Reportedly To Acquire A Majority Stake In CommonFloor

Quikr India Private Limited might buy a majority stake in maxHeap Technologies Pvt. Ltd. (CommonFloor), according to three people familiar with the ongoing negotiations. The pay out is estimated to be worth about $50 million, as per sources. The talks are reported to have started 5 months ago and the deal is reported to close soon. "While the management of CommonFloor is looking for an external investor, and resisting the Quikr deal, investors have pushed for an acquisition which is now in the due diligence stage," said one source. The Economic Times could not independently verify the value of the ongoing deal. Quikr Chief Executive Officer, Pranay Chulet, did not reply to emails, calls or texts at the time of filing this article while CommonFloor's Chief Executive Officer, Sumit Jain, did not reply to email queries from ET.

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Recent Private Companies Transactions

January 7, 2016

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