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Quikr buys beauty carrier company Salosa

Salosa, founded by former Procter & Gamble executives Piyush Dhanuka and Anurag Nair in September 2015, currently operates in Gurgaon and parts of Delhi with a team of in-house beauticians.

Salosa, based by former Procter & Gamble executives Piyush Dhanuka and Anurag Nair in September 2015,currently operates in Gurgaon and parts of Delhi with a team of in-house beauticians.
Bengaluru: on-line classifieds portal Quikr India Pvt. Ltd has obtained on-demand beauty provider issuerSalosa, owned by way of Beawel Tech Pvt. Ltd, for an undisclosed amount in a flow as a way to help the Tiger worldwide controlsponsored agency penetrate deeper into the house offerings section.

Salosa, founded by means of former Procter & Gamble executives Piyush Dhanuka and Anurag Nair in September 2015, currently operates in Gurgaon and parts of Delhi with a crew of in-house beauticians.

“The splendor offerings market is near $5 billion in India and developing, which is clear from theincreasing wide variety of requests we see from Tier I and Tier II towns on our platform. On-demandsplendor provider is an crucial sub-category and Salosa will help convey very actual blessings to ourconsumers,” said P.D. Sundar, head of QuikrServices.

Quikr had earlier committed an investment of Rs.250 crore to reinforce its home services vertical. QuikrServices has 250,000 service carriers who offer more than 80 services for customers and has abouta hundred,000 each day customers, the organisation claims.

Quikr is growing past a listing platform to a one-stop keep for used goods with the aid of permittingpayments on its platform, as well as facilitating logistics, a flow possibly to throw open extra sales channels at a time whilst a slowdown in outside investment is prompting startamericato reduce cash burn andcognizance on profitability.

Quikr is focusing on five key enterprise segments—automobiles, real property, jobs, services andcustomer-to-client sales—it has recognized as new assets of revenue and fend off competition fromdifferent task capital-sponsored businesses that have emerged in each of those categories.

As a classifieds portal, Quikr has just one rival: OLX, which is backed by way of Naspers Ltd, a South African mass media company. however, every of the verticals the business enterprise plans to focus on has seen the emergence of a number of properly-funded begin-ups.

in the automobile section, Quikr competes with the likes of CarDekho and CarTrade, whilst the realproperty phase has companies which include Housing, Magicbricks and PropTiger, among others. in addition, the hyperlocal services phase has deep-pocketed beginu.s.a.such as Housejoy and UrbanClap,at the same time as in the jobs category, the likes of Babajob and AasaanJobs compete with Quikr.

The enterprise has so far raised $346 million from buyers such as Tiger global management, Warburg Pincus and Norwest project companions, amongst others.

Quikr has been making an investment aggressively to construct these verticals by way of both obtaininggroups and making strategic investments, specifically inside the actual property segment. as an example, it received real property portal Commonfloor (maxHeap technology Pvt. Ltd) for $120 million in January.

This apart, it has acquired Indian Realty alternate (123 Startup Ventures Pvt. Ltd), a actual estate agent aggregator, and RealtyCompass, a real estate analytics begin-up, except making a strategic funding in A.N. virtual world Tech Ltd, a company which affords 360-diploma street views.

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