Quikr, India’s No. 1 cross category classifieds business, has acquired Indian Realty Exchange (IRX), a mobile-first aggregator of real estate agents founded by Vikram Dhawan and Karan Jindal. IRX tags agents and brokers with real-time projects and locations and also helps users connect with them to buy and sell property.
The investment towards this acquisition is a strategic move that enables Quikr to strengthen its all-inclusive real estate marketplace and recently launched vertical, QuikrHomes. Complementing the company’s verticalization strategy, this acquisition will allow it to dive deeper into the real estate market and increase long-term engagement with the broker community. QuikrHomes, currently connects customers from over 1000 cities and towns across India and it helps conclude 2 lakh plus transactions per month.
Quikr is India’s leading cross-category classifieds platform that is used by over 30 million unique users a month. It is present in 1000 cities in India and operates in over 10 categories that include mobile phones, household goods, cars, real estate, jobs, services and education. Quikr operates across desktop, laptop and mobile phones, and allows consumers as well as small businesses to sell, buy, rent and find things across its multiple categories with great ease. Quikr’s investors include Warburg Pincus, Kinnevik, Tiger Global Management, Matrix Partners India, Norwest Venture Partners, Nokia Growth Partners, Steadview Capital, Omidyar Network, Ebay Inc.
Indian Realty Exchange – IRX is a mobile first aggregator of real estate agents which tags agents with projects and locations in real-time and helps users connect to the best agents for buying and selling property.
Key features of IRX are:
- Real time tagging of agents with projects and locations
- Verified data of properties, requirements and agents
- Agent reviews, rankings and trust networks to close deals faster
- Chat platform for agents to exchange inventory and requirements with users and other agents
IRX empowers and enables agents to grow their business by connecting them with end users and other agents in real-time.
Source: Quikr Press Release