With 3 big exits, 2019 was marque year for Pierre Omidyar in India, says MD Roopa Kudva
The fund started by eBay founder Pierre Omidyar, which has been investing in India for 10 years now, claims to have touched the lives of 550 million Indians, having deployed $300 million. It intends to invest $350 million over the next five years.
Startups cutting employee costs
Oyo, Ola, Paytm, Quikr, Zomato and Rivigo have handed out pink slips or are likely to.
Layoffs at unicorn club set tone for tougher 2020
Quikr has laid off close to 1,000 employees, which is about a third of its total 3,000 work...
Finly raises undisclosed sum in funding from clutch of venture capital investors
While the terms of the transaction were not disclosed, other investors that have also participated in the latest round include Das42 Capital and 91Springboard, the company said in a prepared statement.
How fraudsters attempt to cheat OLX, Quikr users
To promote cybersafety in India, OLX has also partnered with Cyber Peace Foundation, a civil society organization and think tank of cyber security
Digital-first brands took just three years to hit Rs 100 crore
eBrands achieved traction quickly with etailers putting in place exclusive programmes to launch and test, thereby raising consumer intent to purchase differentiated products online. In the past two years, venture capitalists have invested more than $300 million in 70 such consumer brands.
Housing sales may rise marginally by 4% in 2019: Report
Housing sales are estimated to rise by mere 4 per cent to 2.58 lakh units across seven major cities during this calendar year on subdued demand because of liquidity crunch and overall economic slowdown.
The cat and mouse game starts in used cars’ online sales
Online ad sites are using AI and other filters to prevent stolen vehicles from getting listed on their platforms, but their efforts are only helping partially. A large number of stolen vehicles are finding their way into online classified ad platforms.
Quikr completes Zefo buy
With Quikr and Zefo as a combined entity, we will be able to offer a broader selection of products at even more competitive prices along with as strong a focus on quality, said Pranay Chulet, founder, Quikr.
Housing sales of 9 listed players up 2% at Rs 5,520 crore in July-Sep: Report
"While housing sales in overall residential market recorded a decline in Q2 FY20, the housing sales value of India's top 9 listed developers remained steady during the quarter," said Anuj Puri, Chairman, Anarock.
Quikr close to acquiring Zefo in all-stock deal
Sequoia Capital and Helion Venture Partners-backed Zefo will continue to operate independently after the acquisition, they said.
Quikr acquires India Property
YES Securities Investment Banking acted as the financial advisor for the deal while IndusLaw and S&R Associates were the legal advisors, the company said in a statement.
Quikr revenues double to Rs 173 crore
Quikr India has seen operational revenues rise 95% to Rs 173.49 crore in FY18, compared with Rs 88.67 crore last year as per financial documents filed with the Registrar of Companies.
Quikr on realty expansion spree, acquires Chennai-based India Property Online
Quikr in a statement said that it has acquired India Property Online, a leading full-stack real estate platform. It, however, did not disclose the deal value.
On hunt for talent, ecomm prefers fresh blood
Flipkart, Amazon and Swiggy are among those seeking fresh graduates with grasp of evolving technologies.
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