India

Quikr reportedly to buy Housing.com

Indian classifieds portal Quickr.com is in talks to buy the real estate marketplace Housing.com for up to $175 million, according to the The Times of India. The startup, valued at $250 million during its last round of funding in November, is currently shrouded in controversy and should the sale happen, it will effectively amount to a distress sale. According to reports a likely deal will depend...

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India’s Housing.com fires CEO

Housing.com announced the immediate release of CEO and co-founder Rahul Yadav from his role. This ends a period of speculation, following months of controversial behavior from the young executive. Investors will run the company’s operations during the search for a successor. Housing.com is one of India’s most-watched startups. Competing with classified real estate portals CommonFloors,...

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New used-auto site launched in India

A new online marketplace for pre-owned autos, called 19miles.com, was launched last week by Prashan Agarwal, co-founder and former executive of real estate site PropTiger.com. Based in Delhi, it will open branches in Mumbai and Bengaluru within the next three months. 19miles.com has the backing of an unknown angel investor. The startup will face strong competition from existing classified...

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Indian brokerage expands overseas

Bangalore-based real estate brokerage and advisory portal Homz N Space announced its intention to expand its operations internationally to offer Indian property for sale to non-resident Indians. The firm plans to establish discovery centers in the U.S., Australia and Singapore in partnership with Indian building companies. According to co-founder Harish Achar Brahmavar, these centers will...

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Indian job site’s revenue up by 25%

Info Edge Ltd, the Indian parent company of recruitment and real estate Internet portals such as Naukri.com and 99acres.com, reported operating profitability (EBITDA margins) of more than 53 percent for the fourth quarter ending March 31, 2015. This is largely due to 25 percent last quarter growth by Naukri.com, the company’s recruitment classifieds portal, which boosted the margins of the...

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CarDekho.com records 152 million visits

CarDekho.com, the auto site of Girnar Software, recorded 152 million site visits in the financial year 2014/15, and growth of more than 50 percent year-on-year. These performance numbers confirm the used auto site as the No. 1 auto classifieds site and research company in India. In 2014 an aggressive marketing campaign saw daily visitor numbers double, thanks to strategic TV advertising and...

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