Tiger Global-backed online classifieds platform Quikr has acquired Stepni, a platform that connects vehicle owners with service providers nearest to them. Stepni’s founders and the team will join Quikr with immediate effect.
The company says the acquisition will strengthen its service offerings under QuikrCars, a dedicated vertical that focuses on the sale of new and used automobiles, including cars, bikes, and commercial vehicles.
It will also increase cross-selling opportunities for QuikrServices, which provides a range of services to consumers. Stephi, founded by Vinay Singh and Nikhil Nair last year, is operational only in Bengaluru through a partner network of 125 service centres across the city.
“Stepni’s business model will now allow us to develop a longer term relationship with car owners as opposed to only at the point of buying-selling. We plan to scale vehicle maintenance services to all major cities over the next three months,” said Atul Tewari, head of QuikrCars and COO of Quikr, in a statement.
Stepni is the seventh acquisition for Quikr, which has been shoring up on technology and talent to grow its auto, homes, jobs and services verticals.
Since last year Quikr has acquired Realty Exchange (IRX), Realtycompass and CommonFloor for improving its homes business. It also acquired beauty services Salosa and Zapluk and hiring platform Hiree for its jobs vertical.
“Teaming up with Quikr brings tremendous possibilities for our business model on the demand side and it will help to scale the platform seamlessly across multiple cities,” said Vinay Singh, co-founder, Stepni.
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Source: Business-Standard
