Online classified portal Quikr
India Pvt. Ltd has acquired on-demand beauty service provider Salosa, owned by
Beawel Tech Pvt. Ltd for an undisclosed amount in a move that will help the
Tiger Global Management backed company penetrate deeper into the home services
segment.
Salosa, founded in September 2015,
currently operates in Gurgaon and parts of Delhi with a team of in-house
beauticians. The beauty services market is close to $5 Billion in India and growing,
which is evident from the increasing number of requests from Tier 1 and Tier 2 cities. On demand beauty service is an
important sub-category and Salosa will help bring very real benefits to
consumers.
Quikr had earlier committed an
investment of INR 250 crore to strengthen its home services vertical.
QuikrServices has 250,000 service providers who offer more than 80 services for
consumers and has about 100,000 daily customers. Quikr is growing beyond a listing
platform to a one-stop shop for used goods by enabling payments on its
platform, as well as facilitating logistics.
Quikr is focusing on five key
business segments such as automobiles, real estate, jobs, services and customer
to customer sales. It has identified a new source of revenue and fends off
competition from other revenue capital backed businesses that have emerged in
each of these categories. As a classified portal, Quikr has just one rival OLX,
which is backed by Naspers Ltd, a South African mass media company.
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