India: Classifieds portal Quikr acquires property agent aggregator Indian Realty Exchange

Visual from Quikr website

Online classifieds portal Quikr India Pvt. Ltd on Friday said it has acquired Indian Realty Exchange (IRX, incorporated as 123 Startup Ventures Pvt. Ltd), a real estate agent aggregator, for an undisclosed amount to strengthen its real estate vertical QuikrHomes.

With its latest round of funding ($60 million) in September, Quikr strengthened its push in five business segments—automobiles, real estate, jobs, services and customer-to-customer sales—to explore new sources of revenue. These five categories account for about 90% of the 10 million listings on the platform.

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