40UNDER 40

NA
Prev Rank:

Sumit Jain, 

Co-Founder and CEO
age: 30
Jain’s love for acrobatics rubbed off on Common - Floor as it manoeuvred its way through a crowded market to become India’s third-largest property search portal, trailing long time incumbents 99acres and MagicBricks. Since 2011, Jain has built capability for new property search, secondary sales, and rentals, covering 120,000 properties. Around 40% of the site’s listings come from owners and builders themselves, cutting out the pesky middleman. “We differentiate ourselves by providing the best user experience,” says Jain. Recently, CommonFloor expanded to innovative experiences like a smartphone-enabled headgear that gives a virtual tour of new properties. It also made two technology acquisitions in 12 months: Flat.to, an app to find rental spaces through online chats (10,000 downloads), and Bakfy, a Twitter-like app connecting college campuses.
Advertisement
Advertisement