Quickr aquires Indian Realty Exchange To Strengthen Its Real Estate Vertical

Online and mobile classified business, Quickr has recently acquired Indian Realty Exchange (IRX), a mobile aggregator of real estate agent.
QuickrHomes

In order to fortify on its real estate segment, online and mobile classified business, Quickr has recently acquired Indian Realty Exchange (IRX), a mobile aggregator of real estate agent. The deal amount has not been disclosed yet. With this acquisition, Quickr aims to jump deep into the real state landscape and increase long-terms engagement with the broker community.
Launched in September this year, QuickrHomes, is a real estate marketplace for builders, brokers and home seekers and caters to customers from more than 100 cities and small towns across India. It claims to conclude more than 2 lakh transactions per month.
Industry rumors have spoken that Quickr also explored CommonFloor, IndiaProperty and Housing.com for acquisition, however, the talks didn’t fructify. With its latest round of funding ($150M) in April, Quikr strengthened its reach into five segments including automobiles, real estate, jobs, services and customer-to-customer sales, to generate new sources of revenue.
Till now, the company has received a total funding of $346 million in 6 rounds from 9 investors. It recently invested around $10-million in WoNoBo, a hyper-local search engine providing 360-degree street view.
With this IRX’s acquisition and its recently launched real estate vertical, potent competitor Quikr is entering into the competition with existing players like CommonFloor, Housing.com, PropTiger, NoBroker, and Magic Bricks.

Publish Date
Not Sponsored
Live: People Reading Now
 
 
 
 
TRENDING ARTICLE
RECOMMENDED FOR YOU