Quikr India clocks Rs 64 crore in turnover for FY 17
For Quikr, FY17 has been a year where its inorganic strategy has begun bearing fruit significantly with the businesses of the acquired startups now forming well over 55% of Quikr’s overall revenues.
Dentsu Webchutney bags Uber’s digital duties
Dentsu Webchutney has won the duties for the India and South Asia region and the account will be...
Facebook begins trial of service that will compete with Quikr, Olx
Facebook is not defining any categories right now. Once people start listi...
Quikr acquires HDFC's digital, realty units in all stock deal
Quikr has raised about $346 million from Kinnevik AB, Tiger Global, Steadview Capital Management, Matrix Partners India and others since inception in 2008.
Quikr's Pranay Chulet and wife Tina welcome baby girl, Sophie Siya
Congratulations have been pouring in since Tina shared the happy news on social media.
Apple, Samsung most popular refurbished phone brands in India: Quikr
Quikr has seen a 154% growth in selling of refurbished smartphones than those manufactured in 2015 while Apple and Samsung led the most popular refurbished smartphone brands on the platform.
Online housekeeping services cos UrbanClap, Quikr seek tax parity with offline players
“The manner in which GST law is worded, disparity has been created in the manner of doing business for housekeeping services, online vs. offline,” the companies wrote.
Challenges for Indian startups: Sustain growth, be profitable, create real businesses
“From a signalling point of view being a unicorn is great,” says K Ganesh, copromoter GrowthStory, a venture building platform. Often, becoming a unicorn is as easy as convincing investors that you have a model that works!
Quikr's acquisition of smaller companies account for 55% of its revenues
The Bengaluru-based company, which is valued at over $1 billion, has been acquiring smaller startups since late 2015 in deals that have been mostly stock-based.
Housejoy lays off staff amid funding crunch
The layoffs come even as the Amazon-backed startup is looking to trim or shut down categories that offer little or no unit margins.
It's a job well done at Quikr, thanks to blue-collar market
The company claims a 3x growth in revenues within the jobs vertical in FY17 -a large part of which has been driven by a "healthy balance between its online and offline recruitment services".
Quikr acquires rental startup Grabhouse
As part of the overall integration process, GrabHouse founders and team will move to the Quikr headquarters.
Quikr acquires on demand services player Zimmber for $10 million
Quikr did not disclose the financial terms of the deal but the acquisition has been made at over $10 million in a largely stock-based deal with a 10% cash component, said a person aware of the development.
Commonfloor cofounder Sumit Jain launches voice-based social app
The founders have been working on the new startup for about a year and launched the app for the public in July last year.
Olx revenue makes 'Quikr' surge of 58%, profit up 31% in FY17
Olx competes with Quikr in India which had reported a 20% increase in net loss at Rs 534 crore and 66% increase in operating revenue at Rs 41 crore in FY16.
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