wordpress blog stats
Connect with us

Hi, what are you looking for?

Quikr acquires Realtycompass to boost its real estate offering

quikr (1)

Online classifieds business Quikr has acquired real estate analytics startup Realtycompass to boost its offerings in the real estate space and also complement Quikr Homes, reports the Economic Times.

Started in 2013 by Nimesh Bhandari, Sankara Srinivasan and Alok Misra, Realty compass offers users ratings and user recommendations for real estate projects using more than 100 data points. The publication added that following the deal Quikr will continue to invest in Realtycompass and add project approvals, social sentiment analysis and user credit score among others.

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.

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.

Other acquisitions and investments 

Advertisement. Scroll to continue reading.

– Earlier this week, MediaNama reported that Quikr is likely to complete its acquisition of its real estate portal Commonfloor for $200 million. According to the source, the two entities (Commonfloor and Quikr) will continue to operate independently, and both brands will continue to exist.

– In November, Quikr acquired mobile real estate agent aggregator Indian Realty Exchange for an undisclosed amount. 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 October, Quikr made a strategic investment in Genesys International‘s venture AN Virtual Tech.

Other developments

– In November, Quikr signed a memorandum of understanding (MoU) with filmmaker Vivek Bohra and casting director Aadore Mukherjee, to launch a platform for actors, casting directors, and production houses. The company told MediaNama that the platform will bring together professionals from the film industry, and come up with solutions for the industry, which might involve creating an app.

– 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.

Written By

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

Views

News

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

News

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

News

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

News

In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...

News

By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...

You May Also Like

Advert

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...

News

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...

News

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...

News

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...

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
Name:*
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