Online classifieds portal Quikr has appointed P.D. Sundar as head of the company’s yet-to-be launched Services vertical – QuikrServices. In his new role, Sundar will be responsible for verticalizing Quikr’s services marketplace, as well as marketing and revenue generation in this category.
Overall Sundar has over 15 years of experience in startups, classifieds and media industries in India. Prior to Quikr, he was an independent consultant for digital strategy, product and marketing. He also managed product development and ad sales for The Hindu Group as its assistant VP and Business Head. He also worked at Suleka, where he was responsible for the profit and loss of its India classifieds division including sales, product development, analytics, online/search marketing, customer service and retention.
According to Quikr it already has a leadership position in the services marketplace, and has seen an increased demand for providers like maids, cooks, hobby classes, drivers, movers and plumbers. The company mentions this appointment will help it expand and accelerate its growth is the same field.
Real estate venture: Note that Quikr had appointed Manish Sinha as Head of Quikr Homes earlier this month. Sinha was to be in charge of growing the company’s consumer real estate business in India and lead strategy and growth plans for other real estate categories.
The platform had previously announced it would launch a real estate-focused website called quikrhomes, the same month. The new website is expected to feature listings for plots and commercial spaces, alongside listings for houses and apartments for sale and available on rent. What’s really interesting is that, apparently, the value of real estate related transactions are worth 50% of all transactions on Quikr.
Funding raised: Earlier this month, Quikr had raised $150 million in investment from existing investors Tiger Global and AB Kinnevik and new investor Steadview Capital. The company said then, that it plans to use the capital raised to further invest in its mobile business and strengthen its leadership in categories like goods, cars, real estate, jobs and services. This round of funding comes just a few months after Quikr raised a $60 million investment in September last year. Overall, the total amount of money the company has raised till date comes to around $450 million.