Quikr did not acknowledge the banking agreement of the accord but the accretion has been fabricated at over $10 actor in a abundantly stock-based accord with a 10% banknote component, said a being acquainted of the development.
Zimmber is Quikr’s fourth accretion for its casework class which has apparent the aggregation buy Salosa, Zapluk and StayGlad in the adorableness casework amplitude aftermost year. Zimmber is Quikr’s aboriginal accumbent accretion in this category.
This accretion will advice Quikr advance its advance in domiciliary casework and abide to advance appear its ambition of acclimation this burst category.
“Zimmber has a acceptable attendance in Mumbai, Delhi and Pune in agreement of accepting congenital a accumulation arrangement for handyman services. This is accordant for us to action a abysmal acquaintance to barter back it has a acceptable bulk of echo acceptance and has a acceptable access point for consumers to appear on lath to Quikr through QuikrServices,” PD Sundar, Head of QuikrServices told ET. “This class altogether complements our absolute exchange band-aid for one-off account needs such as autogenous design, packers and movers etc,” said Sundar.
Quikr, which competes with Olx in the classifieds space, has been on an asleep advance bacchia over the aftermost 2 years in a bid to ster its revenues beyond its key verticals. Jobs, Homes, services, auto and customer casework are the key areas of focus for the Tiger Global and Kinnevik AB backed classifieds major. Quikr has raised
The accretion will see over 1500 account providers of Zimmber get assimilate the Quikr belvedere with the above absolutely administration the full-stack casework for the unicorn. Zimmber will access newer geographies through this accretion agnate to its Bangalore access done via Quikr.
Zimmber has aloft over $7 actor in allotment from IDG Ventures India, Omidyar Network, Sherpalo Ventures and Aarin Capital. A chief controlling at the close told ET that disability to abound to calibration was one of the key drivers for Zimmber’s auction to Quikr.
Quikr has arranged all its adorableness casework into its AtHomeDiva belvedere while full-stack casework will now be offered alone through Zimmber. The added archetypal in the class is that of listings through the exchange archetypal that covers on-demand driver, adaptable adjustment and autogenous adornment casework amidst others.
As allotment of the deal, Zimmber’s COO Amit Kumar and Chief Product Officer Siddhartha Srivastava will accompany Quikr’s team. CEO Anubhab Goel will be aing the banking casework accumulated industry in the role of a coach to bear startups for the company.
One of India’s few unicorns, Quikr is admired at $1.5 billion accepting aloft about $350 actor from Kinnevik AB, Tiger Global, Steadview Capital Management, Matrix Partners India and others back birth in 2008.
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