Quikr
Bangalore, India-based Quikr is a classi- fied advertisement and online marketplace. Jiby Thomas and Pranay Chulet launched it in 2008. The business enables consumers to purchase, sell, rent, or find anything in India. There are postings for mobile phones, house- hold products, autos, real estate, jobs, services, and education on Quikr in more than 1000 Indian cities.
Members of the community can use the
site to find an apartment, sell their old car,
bike, music system, laptop, or furniture,
promote their small business, find a tuition
class, or break into the modelling or acting
industries. Quikr has created its mark in the
market that ‘search ends here’. Quikr is all
about customers; its goal is to enable every
person in the country to connect with buy-
ers and sellers online on their own terms.
Quikr is concerned with customers and the
transactions that bring them closer to their
goals. Do you want to buy your first car? Do
you want to sell commercial property in or-
der to buy a house for your family? It is
available to you. Quikr guarantees to com
plete any task you assign to them.
Quikr entered the real estate sector in
January 2016 with the acquisition of the real
estate portal commonfloor.com, which it
will merge with its real estate division Qui-
krHomes. Quikr had completed 5 acquisi-
tions for its real estate business till De cem-
ber 2017. After the merger Sumit Jain,
co-founder, and CEO, CommonFloor.com
explained this combined entity “The com-
bined entity will have mammoth listings, a
wide range of products and consumers get
to witness amazing innovation in this space.”
Analysts predicted that the merger would
accelerate the growth of Quikr Homes, the
result of Quikr’s recent verticalization strat-
egy. “Quikr’s verticalization strategy saw the
birth of Quikr Homes, which is a fairly re-
cent event, whereas CommonFloor.com.has
been around for over six to seven years,” said
a senior management official with a leading
venture capital fund, who wished to remain
anonymous. CommonFloor’s vast experi-
ence and Quikr’s massive amount of traffic
and cross-verticalization will benefit both
businesses.”
This also significantly reduced both compa-
nies’ marketing expenditures, an issue that
Quikr has been addressing for a long . when venture capital firms are favouring
niche businesses.
Quikr has emerged as the dominant play-
er in the online property market. The com-
pany has built a strong online presence and
is already an established brand. Quikr has
recently raised close to $100 million, most-
ly from foreign investors, and has invested
heavily in increasing its user base. It has
over 40 million registered users on its plat-
form and is expecting impressive revenues
from its mobile app.
In short, Quikr Homes is a property por-
tal that connects you with the best real es-
tate agents in your area. We help you find
the perfect home for you and your family,
whether you’re looking for a new apartment
or villa, a cottage by the sea, or even a farm- time. Though Quikr is a new player in this mar-
ket, it surely knows the nerve of the custom-
ers. In 2018 Quikr has done its background
check to attract probable customers. Quikr has
introduced customers to a whole new world.
Quikr asserts QuikrHomes currently connects
customers tomers from over 1,000 Indian cities
and towns and facilitates over two lakh transac-
tions per month
Quikr has become the largest player in the
online property segment after acquiring Com-
monfloor. According to market analysts, Quikr
is on its way to becoming a vertical player in all
of the segments in which it operates, and it in-
tends to treat each of its businesses as a separate entity. This shift in strategy comes at a times house in the hills. With Quikr Homes, you
can browse through thousands of properties
across India and get expert advice on how to
make an offer on your dream home. It also
has listings for flats and apartments in ma-
jor cities like Mumbai and Delhi as well as
smaller cities like Pune and Jaipur.
• A property database that can be searched
• Details on the local housing market and
trends
• A listing of real estate agents
• What are you waiting for then? Your
Dream home is just a click away …