bengaluru property listings portal commonfloor has acquired bakfy a oneyearold bengalurubased venture founded by three young technology professionals ashutosh garg niranjan bala and rajesh eswarlal the companies did not disclose the deal size but the deal is what is called an acquihire an acquisition for the expertise that the founders bring bakfys app an indian version of anonymous social messaging app yik yak is not part of the deal and is unlikely to see any further investments we liked the founders and their work in building a mobileonly anonymous social network we are bullish on mobile and the bakfy team brings proven capability of scaling up a mobileonly social network in india which is quite unique said sumit jain cofounder and ceo of commonfloor garg noted that bakfy had worked at the intersection of social and mobile and at scale 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 commonfloors mobile experience and added ashutosh garg is the type of good hustler any team will want on their side commonfloor can afford to make these acquisitions the bengalurubased company raised 30 million from american hedge fund tiger global management in september taking the total funds raised so far to nearly 50 million accel partners had invested in an earlier round investors have been investing heavily in property portals as renting buying and selling property online has gained traction housingcom raised 90 million from softbank in december