Failed 2016

    CommonFloor

    CommonFloor was acquired and shut down by Quikr. Despite innovation (3D property tours, community features), it couldn't build a sustainable business in India's fractured real estate market.

    Founded → Closed

    2007 → 2016

    Funding Raised

    $42M

    Industry

    Real Estate/PropTech

    Country

    India

    IdeaProof AI Failure Score

    50/100
    Market Fit Risk
    40
    Burn Rate Risk
    65
    Founder Risk
    30

    What Happened: The Timeline

    🚀

    2007

    Founded in Bangalore as a real estate classifieds platform

    📈

    2014

    Raised $30M from Tiger Global, launched 3D property tours

    ⚠️

    2015

    Struggled to monetize; burning cash on user acquisition

    💀

    2016

    Acquired by Quikr; brand eventually discontinued

    Root Causes

    CommonFloor was one of India's early proptech platforms with innovative features including community networking for apartment residents and 3D property tours. Despite raising $42M from Tiger Global and Google Capital, it struggled to monetize. Real estate advertising in India is dominated by relationships and offline brokers. CommonFloor was acquired by Quikr in 2016, and the brand was eventually discontinued.

    Key Lessons Learned

    1. Innovation doesn't guarantee monetization

    3D tours and community features were ahead of their time but didn't translate into advertising revenue in India's broker-driven market.

    Competitors That Won

    99acres

    India's top property portal

    Why they won: Info Edge's portfolio synergy, established broker relationships, sustainable model

    Frequently Asked Questions

    Could This Failure Have Been Prevented?

    IdeaProof's AI validates market demand, competitive positioning, and business model viability in minutes — catching the exact issues that sank CommonFloor.

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