This information is dated by a couple of months. It is important, though. In August this year, Quikr, the digital classifieds company said that its real estate vertical had performed exceedingly well. So much so that the business has become profitable. Quikr’s revenue for the year March 2018 is expected to be around Rs 170 crore ($23 million).
A real state
Don’t be Quikr
10 years in business. 13 acquisitions. $430 million raised in venture capital. But alas no business model to speak of. Still
Quikr claims that over a third of its income comes from its real estate vertical made of five acquired companies
But its real estate business is far from a picture of health. Its costliest acquisition, Commonfloor, earns less than it did before Quikr acquired it
Today, Quikr encompasses all three online real estate business models: classified listings and lead generation, managed rentals, and brokerage
Quikr claims it has solved the online real estate puzzle. The truth, though, is that the business is struggling