Bangalore based one year old campus gossip App Bakfy has been acquired by india’s leading property search portal CommonFloor. Bakfy founded by Ashutosh Garg, Niranjan Bala and Rajesh Eswarlal.
image source: bakfy.me
“We liked the founders and their work in building a mobile-only anonymous social network. We are bullish on mobile and the Bakfy team brings proven capability of scaling up a mobile-only social network in India, which is quite unique,” said Sumit Jain, co-founder and CEO of CommonFloor.
“We believe we can add value to CommonFloor in driving innovation around mobile applications. We spent hours with Sumit and Lalit (CommonFloor founders) talking about social networking and the real estate sector and they loved our ideas. Having done a similar app themselves, called Ugal Do, they could relate to what we were trying to do,” said Garg, who worked as a software professional in Oracle before starting the firm.
Ravi Gururaj, chairman of Nasscom Product Council, said the Bakfy team could provide “a nice boost” to CommonFloor’s mobile experience and added: “Ashutosh Garg is the type of good hustler any team will want on their side.”