Quikr is growing in a fast pace. According to the last year report, it has shown three fold of growth in a single term. And to grow more, it has taken its new decision. Chennai based real estate platform, India property Online Pvt. Ltd. has been acquired by the Bengaluru based Quikr Company. 

Though the amount of acquisition has still not been disclosed officially, yet it can be concluded that this acquisition will help to grow. 

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IT’s Quikr, which is growing quick

Bengaluru based online classified marketplace Quikr has been in the market for a long time. People have accepted its services and hence it has also grown to be popular one. It was founded in the year 2008. But with the time it has also started various start-ups. It has its own real estate wings too. Still now 14 start ups has been launched by this online classified platform itself. Some of the renowned ones are the HDFC developers, Babajob, Hiree, Zimmber, Zapluk and many more.

Turning to the real estate wing, report shows that last year Quikr itself has contributed nearly 35% of the total revenue of the year. In the present year till August it has gone tripled the last year revenue. The future plan of the company is to grow more than 100% in the upcoming 12 months.

Now why such a huge growth in the real estate sector? Well, there have been few reasons for such a huge growth in their business. As per the company, the organization is working based on two models: lateral or co-living business which sticked to shared rentals to near millions and the other one is the business of broker for buying home. Thus they have two faced profit source in their business model. Considering the single one, the first one that is the shared rentals is itself having 70K rentals through Quikr.

Well that is a huge number to consider!

How’s it showing in stock market?

Yes and that shows in the stock market too. The valuation of the company till date is nearly $16 billion (approx INR 11 cr). As for the equity funding it has got $350 Mn from various well known investors. Some of them to mention is the Tiger global, Kinnevik, warburgPincus, matrix partner, Norwest ventures and many more.

The company has taken the vow to break its own record in the upcoming new financial year. The new form of business model of acquisition has helped it’s to step a bit forward. The competitors like OLX and Magic bricks are also in the run to grow faster. But Quikr has chosen the sector which is growing in a high rate. In India the real estate sector has been expected to reach the market size of $1Tn by 2030.

All about the Indian Property

Hence considering such a huge gain in future, acquisition of the India property Pvt ltd has been decided.

This real estate platform has been very recent in the market. It has launched in the year 2012 which provided the detailed information about property buying, selling and renting. Earlier it was an active part of the consim Info same operating body of the Bharat Matrimony, community Matrimony and the Elite matrimony too. Later Ganesh Vasudevan was made the CEO of this separate entity of the consim info and made the India property. As per the CEO, it was one of the strongest real estate online platforms for the south India. The best part of the company is the full stack business strategy that it worked upon. They are after to build a comprehensive solution of the renting, buying and selling activities. As of now they have demonstrated the monetization round these products, now with the Quikr they would be offering them as the classified on the well known Quikr’s real estate base.

Well known client serving platform for Real Estate

They serve their clients with all the information that you need to consider while you are undergoing any such steps.  Till the acquisition, the platform has more than 600K properties enlisted and more than 8000 verified builders. They are from all over Indian covering more than 15 cities of India. Besides the platform also serve to handle the property search diligence, financing, and other transaction related to the property dealings. To get all these services, the company has been well backed by the renowned investors as Bertelsmann India Investment and Mayfield.

The best part of the company is that it provides an analytics platform. This platform helps clients to operate the street level transaction data. This data is particularly for the 5Mn residential properties which are being covered in the entire of south India.

Thus the acquisition of this company will obviously help it to grow. The full stack model that the company follows will give the company a new edge growth with Quikr. The growth will also be seen in the transactions and also includes the addition to the classified base. Quikr founder, Mr. Pranay Chulet has confirmed this sector growth or both the companies and it will be helping both the organization to find a prominent place in the market.

Quikr has taken the oath to grow much faster

Well, Quikr is in the business of expansion with real estate sector.   The new model that the company taken is the acquisition led growth. And it is a full proof way to the growth. The company has taken the vow of breaking their own growth record. Both aspects of the organic and inorganic growth have been considered for the fact of going high. So they have already started working on that aim. With the 30 Million monthly happy customers, Quikr is top on the list of the classified ads over online. It has been satisfactorily serving nearly 940 cities.

Now they have taken the help of the strong base of the real estate field of the India online platform. Their strategy of going through the real estate has obviously grown through a larger path. Its strong base in South India and the full stack model will be helpful in creating another foot print in the real estate sector by Quikr. Hope they would be touching their goals very soon.