wordpress blog stats
Connect with us

Hi, what are you looking for?

Quikr acquires Indian Realty Exchange to bolster its realty vertical


Online classified service Quikr has acquired mobile real estate agent aggregator Indian Realty Exchange for an undisclosed amount, reports the Economic Times. The company said that the deal will help bolster its recently opened marketplace for homes QuikrHomes. With the acquisition, it will allow Quikr to go deeper into the real estate market and increase long-term engagement with the broker community.

Founded earlier this year by Vikram Dhawan and Karan Jindal, Indian Realty Exchange tags agents and brokers with real time projects and locations and helps users connect with them to buy and sell property.

In April, Quikr had raised $40.5 million from AB Kinnevik and had said that it would use the funds to invest in its mobile business and strengthen its hold in categories like goods, cars, real estate, jobs and services.

Quikr launched QuikrHomes in September and the portal allows users search for residential, commercial or agricultural properties to either buy or rent, in various cities like Pune, Delhi, Chennai, Bangalore, Mumbai and Hyderabad. Quikr had made the announcement in April for the realty portal and at the time had said there were 20 lakh active real estate listings and had accounted for 50% of the transactions on the portal.

CommonFloor acquisition

Advertisement. Scroll to continue reading.

Earlier in October, the Economic Times had reported that Quikr was in talks to buy Bangalore-based realty portal CommonFloor, although co-founders Sumit Jain and Vikas Malpani took to Twitter to deny the reports.

In September, it was also reported that Quikr was in talks to acquire Mumbai-based realty portal Housing during the height the Rahul Yadav ouster from the company.

Other developments

– In late October, Quikr launched Quikr Services a vertical which will focus on the unorganised sector of service providers in the country, to provide access to buying, rental and leasing across home, travel, financial, health, fitness, beauty and events services.

Advertisement. Scroll to continue reading.

– In the same month, Quikr made a strategic investment in Genesys International‘s venture AN Virtual Tech.

– In August,  launched QuikrCars where users can search for and buy new and used cars, bikes and other vehicles like trucks by budget, last week. The vertical shows listings of sellers, popular cars near you, reviews and videos.

Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



India and US come to terms on how to deal with the equalisation levy in light of the impending Global Tax Deal.


Find out how people’s health data is understood to have value and who can benefit from that value.


The US and other countries' retreat from a laissez-faire approach to regulating markets presents India with a rare opportunity.


When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.


The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

You May Also Like


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ