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Quikr acquires StayGlad to expand its beauty & wellness service


Online classifieds site Quikr has acquired StayGlad, an on-demand beauty services marketplace for an undisclosed amount. Note that this is Quikr’s third such acquisition in the beauty & wellness space: last month it acquired on-demand beauty services provider ZapLuk; In May, the company bought another on demand beauty services provider Salosa for an undisclosed amount.

These acquisitions will help Quikr to scale its recently launched home beauty services brand AtHomeDiva, which comes under its QuikrServices offering. It currently offers a range of in-home beauty and styling services including hair, skin, make-up services and special packages. These services are currently live across six cities including Bangalore, Delhi, Mumbai, Chennai, Gurgaon and Hyderabad.

StayGlad was founded in May, 2015 by Prateek Jain, Shashank Gupta and Kavish Desai. The startup based in Bangalore offered claims to fulfill “hundreds of orders per day at an average value of Rs 1400 per transaction”.  Stayglad had raised an undisclosed amount of angel funding from a group of investors in June last year. The 100-member team of StayGlad including its founders, will now Join Quikr’s AtHomeDiva.

Previous Quikr Acquisitions
-In this month, Quikr acquired Stepni, an online platform that connects vehicle owners with mechanics, garages, car accessory outlets etc. for an undisclosed amount.
– In July, Quikr acquired Hiree, an online hiring platform focused on white-collar jobs, for an undisclosed amount. The acquisition allows it to strengthen job vertical portal QuikrJobs.
– In May, Quikr had acquired on demand beauty services provider Salosa for an undisclosed amount to expand its personal care listings under its QuikrServices offering, while entering into newer cities.
– In January, Quikr acquired CommonFloor and merged it with its real estate vertical QuikrHomes. MediaNama had confirmed the merger earlier in November. However in this month, Quikr shut down offices of CommonFloor-owned roommate finder and home rental app Flatchat; an ET report said employees were given an option to quit without any severance pay, or move into another vertical under Quikr.
– In December last year, Quikr acquired the real estate analytics startup Realtycompass to boost its offerings in the real estate space.
– In November 2015, Quikr acquired mobile real estate agent aggregator Indian Realty Exchange for an undisclosed amount.
– In October 2015, Quikr made a strategic investment in Genesys International‘s venture AN Virtual Tech.

Quikr Funding and Financials

Last month, Times Groups’s private treaty arm Brand Capital had invested Rs 130 crore ($19.4 million) into Quikr through convertible debentures. This was an ad-for-equity deal. In July 2015, the company raised $150 million from Tiger Global and AB Kinnevik to invest in its mobile business and strengthen its hold in categories like goods, cars, real estate, jobs and services. AB Kinnevik put $40.55 million in April during the same round of investment. The company’s financials up to 2014:

quikr private financials fy14

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    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ