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Startup Acquisition: CommonFloor Acquires Bakfy, An Anonymous Chat App For Students

Acquistions, Bakfy, Commonfloor

Bakfy, CommonfloorCommonFloor’s CEO, Sumit Jain said, “ Talent acquisitions is one of the best ways for us to get teams on board, which are collaborative and entrepreneurial, think out-of-box and are hungry to develop disruptive products”

He also added that he liked the founders and their work in creating a mobile-only anonymous social network and their strategy is to be bullish on mobile and the acquired team has proven capability of scaling up mobile-only social network in India.

Bakfy is a Bangalore-based startup founded by three young technology professionalsAshutosh Garg, Niranjan Bala and Rajesh Eswarlal. The app lets you chat or share something with everyone without revealing your name.

On this deal Baky founder, Ashutosh Garg said, “ Bakfy chose to be acquired by CommonFloor because of the opportunity in the real estate space, which is immense .“

The startup was mentored and incubated Bakfy through its 10,000 startups initiative.

Last year, Commonfloor had raised two rounds of funding which include a INR 64 Cr (roughly $10 Mn) and a $30 Mn Series E round led by its existing investor Tiger Global

Bakfy mobile app

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