Real estate portal CommonFloor has acquired Flat.to, a site that helps students and bachelors find accommodation. The deal included both cash and stock components. Founded by Gaurav Munjal, Flat.to will continue to operate as an independent site with its 15-member team. The firm earns revenues through subscriptions earned from brokers and operates in over six cities, with over 7000 listings.
From the Deal Digest archive (July 9, 2013): Flat.to raised angel funding funding from Aakrit Vaish
Source: Economic Times
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