Quikr has announced that it expects it’s new brokerage subsidiary QuikrRealty to make Rs 10,000 crore (over $1.5 billion U.S.) in sales, The Economic Times reported.  

The Indian classifieds giant launched QuikrRealty in alliance with HDFC in February, after buying leading Indian mortgage company Housing Development Finance Corp. (HDFC) in Dec. (we reported on it here). The company hails the business as “India’s only online to offline platform”. 

Quikr CEO and founder Pranay Chulet (LinkedIn profile) told the Press Trust of India about his predictions for the company but didn’t say when he expects it to achieve this goal. “As a single entity, we did about Rs 2,500 crores ($384 million U.S.) of sale in its value last year, and post the acquisition, the new entity QuikrRealty expects to do about Rs 10,000 crore in sales.” 

Chulet also said the company’s revenue, across subsidiaries, has “roughly doubled” over the last three years. Marrying the capabilities of its acquired companies with Quikr’s large online audience allows the company to scale these assets a lot faster than if they were just stand-alone entities, Chulet said.

Quikr is owned by Tiger GlobalKinnevik ABEBayOmidyar Network and Warburg Pincus. It is reportedly valued at nearly $1.5 billion U.S.

 

 

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