Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

Markets regulator Sebi on Monday said it will auction 66 properties of <keyword id="1641057" type="General" weightage="100" keywordseo="saradha-group" source="Orion">Saradha Group</keyword> on April 11 at a reserve price totalling Rs 32 crore to recover money raised by the firm from the public through illicit schemes. The properties to go under the hammer include land parcels located in West Bengal, the <keyword id="6355630" type="General" weightage="50" keywordseo="securities-and-exchange-board-of-india" source="Orion">Securities and Exchange Board of India</keyword> (Sebi) said in a notice. The regulator said that the e-auction will be conducted between 11 am and 1 pm on April 11, 2023. The total reserve price of these properties is pegged at about Rs 32 crore. Sebi has engaged <keyword id="6085536" type="General" weightage="50" keywordseo="quikr-realty" source="Orion">Quikr Realty</keyword> to assist it in the sale of the properties and appointed C1 India as the e-auction provider. The development came after the Calcutta High Court passed an order in June 2022, whereby it directed Sebi to proceed with the auction of properties of the <keyword id="1648299" type="General" weightage="50" keywordseo="saradha-group-of-companies" source="Orion">Saradha Group of Companies</keyword>. The entire exercise was directed to be completed within three months. Saradha Group, a consortium of over 239 private companies, allegedly ran chit-fund operations in West Bengal, Assam and Odisha and raised around Rs 4,000 crore from 1.7 million depositors before it collapsed in April 2013. As per the notice, the regulator said bidders should make their own independent enquiries regarding the encumbrances, litigations, attachments and acquisition of liabilities of the property put on auction, prior to submitting their bid. "The purchaser shall participate in the e-auction on his own behalf and no third party intervention, like authorized agent/representative, would be permitted. The successful bidder shall bear the charges/ fee payable for the transfer of the property in his/her name. All taxes shall be borne by the purchaser," the notice said. In September 2022, the regulator said that it will auction 69 properties of the Saradha Group of Companies on November 1 at a reserve price of Rs 30 crore. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/banks/news/rbi-may-hike-benchmark-lending-rates-by-25-bps-in-april-dbs/articleshow/98607945.cms">RBI may hike benchmark lending rates by 25 bps in April: DBS</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/rcap-debt-resolution-torrent-investments-moves-sc-against-nclt-decision/articleshow/98607932.cms">RCap debt resolution: Torrent Investments moves SC against NCLT decision</a>

SEBI to auction 66 properties of Saradha Group to recover investors' money

A year after <keyword id="6354553" type="COMPANY" weightage="20" keywordseo="real-estate">real estate</keyword> portal <a href="http://www.businessinsider.in/searchresult.cms?query=CommonFloor+&amp;sortorder=effectivedate">CommonFloor </a>was acquired by online classifieds firm <a href="http://www.businessinsider.in/searchresult.cms?query=Quikr&amp;sortorder=effectivedate">Quikr</a> for $200 million, the three co-founders- Sumit Jain, Vikas Malpani and Lalit Mangal have quit the company. 
 <keyword id="6381425" type="UNKNOWN" weightage="20" keywordseo="COMMONFLOOR">CommonFloor</keyword> was founded in 2007 and over the past year, has seen a series of employee layoffs. Currently, it is unclear if the three cofounders are headed to separate companies or are looking at a new business opportunity together. 
 "CommonFloor has been a great addition to our real estate portfolio. After a planned period of transition, the CommonFloor founding team is moving on to their next endeavour and we wish them all the best in their future journey. We will continue to invest in and build <keyword id="6381424" type="COMPANY" weightage="20" keywordseo="Quikr">Quikr</keyword>Homes, CommonFloor and <keyword id="1821332" type="UNKNOWN" weightage="20" keywordseo="Grabhouse">Grabhouse</keyword> as leading franchises in the Indian online real estate industry,” Quikr told ET. 
 
After the acquisition, CommonFloor continued to work as an individual brand under <a href="http://www.businessinsider.in/searchresult.cms?query=QuikrHomes&amp;sortorder=effectivedate">QuikrHomes</a> and has nearly 1,000 employees working for it at the time of the acquisition. At present, only a handful remains in the company.

A year after Quikr acquisition, CommonFloor founders quit

<keyword id="6381424" type="COMPANY" weightage="100" keywordseo="Quikr">Quikr</keyword>, which was for months resisting a merger in its property vehicle, has finally bought the property search website CommonFloor. The acquisition was announced on Thursday; however, the amount of the deal is not announced as of now. The deal would give CommonFloor access to the vast customer base of the online classifieds firm. 
 
Quikr will now be valued at about $1.5 billion (about Rs 10,000 crore) based on the share-swap ratio, entering it into the rarefied club of Indian Unicorns, a term used for companies worth at least a billion dollars. 
 The acquisition has happened just four months after Quikr launched its own property search website <keyword id="2796396" type="UNKNOWN" weightage="100" keywordseo="Quikrhomes">QuikrHomes</keyword>. 
 
As per ET’s sources, CommonFloor, which was valued at about $160 million in its last funding round, dropped down to $100-120 million for this deal. 
 
Both Quikr and CommonFloor have the New York-based investment firm Tiger Global Management as an investor. 
 
Even after the merger, both brands will operate independently and would benefit from each other 
 
"(This) will give CommonFloor.com access to Quikr's 30 million consumers and harness the potential of the cross category nature of the platform, while Quikr-Homes will benefit from CommonFloor's structured data and domain expertise," read the Quikr statement. 
 
CommonFloor, which was founded in 2008, is owned by maxHeap Technologies, and is backed by venture capital firm Accel Partners and Google Capital along with Tiger Global Management. 
 
<a href="https://web.facebook.com/QuikrFans/photos/a.166622723367081.40694.124493907579963/1184932371536106/?type=3&amp;theater">Image source</a>

Quikr now owns this real estate portal

<ul><li>Byju’s emphasised that the acquisition of <keyword id="6437224" type="General" weightage="20" keywordseo="tynker" source="Orion">Tynker</keyword> would help the company accelerate its market presence in the US. </li><li>Tynker is used by over 60 million users and 100,000 schools in 150 countries, the company claims. </li><li>Prior to this, Byju’s had acquired <keyword id="8080458" type="General" weightage="20" keywordseo="whitehat-jr" source="Orion">WhiteHat Jr</keyword> last year, which was folded into Byju’s Future School offering.</li></ul>Edtech giant Byju’s has made another move towards gaining control of the North American market, with the acquisition of US-based coding-for-kids platform Tynker. Interestingly, Byju’s had acquired Indian <keyword id="8345659" type="General" weightage="20" keywordseo="coding-for-kids" source="Orion">coding for kids</keyword> platform WhiteHat Jr for $350 million. The company had folded the three-year-old company into its Byju’s Future School offering to offer its services in the North American market. WhiteHat Jr had also expanded its services from coding-for-kids to maths, English and vocational classes. The company’s founder Karan Bajaj was leading the Byju’s Future School until last month, before he quit and Trupti Mukker took over. Mukker was Byju’s head of customer experience and delivery prior to this. Another interesting fact about the acquisition of Tynker is that it is the third startup in Byju’s portfolio that offers coding classes for kids. The company had earlier acquired rival Toppr, which offers coding classes in the form of Toppr Codr. Byju’s, in its press note, emphasised that the acquisition of Tynker would help the company accelerate its market presence in the US as the platform is used by over 60 million users and 100,000 schools in 150 countries. Founded in 2012 by Krishna Vedati, Srinivas Mandyam and Kelvin Chong, Tynker has raised over $10 million to date from Reach Capital, 500 Startups, New Ground Ventures, Relay Ventures and Cervin Ventures. “Joining forces with Tynker will unlock the ability for us to bring imagination to life for hundreds of millions of students through coding… Our goal is to ignite a love for programming in children globally and we feel strongly that Tynker's creative coding platform and approach to making programming fun and intuitive for kids will get us there even faster,” Byju Raveendran, founder and chief executive of Byju’s, said. The Bengaluru-based edtech firm had also <a href="https://www.businessinsider.in/business/news/byjus-last-two-acquisitions-and-a-deal-with-disney-reveal-its-american-dream/articleshow/84783749.cms">acquired </a>US-based Epic and Whodat, Singapore-based Great Learning. SEE ALSO <a href="https://www.businessinsider.in/business/startups/news/after-selling-their-previous-startup-to-quikr-zefo-founders-are-building-an-oyo-for-hospitals/articleshow/86256238.cms">After selling their previous startup to Quikr, Zefo founders are building an OYO for hospitals</a> <a href="https://www.businessinsider.in/business/startups/news/tiger-global-backed-jobs-platform-apna-is-among-fastest-unicorns-of-india/articleshow/86251461.cms">Two-year-old Apna is among the fastest unicorns of India, despite making no revenue</a> <a href="https://www.businessinsider.in/stock-market/news/telecom-auto-tata-group-and-other-top-stocks-to-watch-out-for-on-september-16/articleshow/86250470.cms">Airtel, Vodafone Idea, Tata group and other top stocks to watch out for on September 16</a>

Byju’s acquires yet another coding-for-kids startup, this time an American one

With Rs 250 crores waiting to be invested, <keyword id="6381424" type="COMPANY" weightage="100" keywordseo="Quikr">Quikr</keyword> is surely taking the stakes higher in India's home services market. The Bengaluru-based mobile and online classifieds company has plans in place, to become the largest player in the space which has competitors like against Amazon-backed Housejoy, UrbanClap and Sulekha. 
 
The money would be spent on product development, including technology and building in-house supply. Not to forget, marketing campaigns and strategic investments in start-ups are also in the pipeline. 
 
"We have grown this business organically till now as we already have a lot of transacting users, so we don't need to spend as much on customer acquisition," PD Sundar, who leads QuikrServices, told ET. A benefit that Quikr has over its competitors comes in the form of other verticals that it owns. For example, a house rented through QuikrHomes could get synced services from QuikrServices on the same platform. 
 
Over the past two years, Quikr has raised $300 million and has Tiger Global, Matrix Partners, Warburg Pincus and Kinnevik as major shareholders. 
 
<a href="https://www.facebook.com/QuikrFans/photos/a.153939511302069.35970.124493907579963/1107388265957184/?type=3&amp;theater">Image source</a>

It’s Quikr vs everyone else in home services market!

Online classifieds provider Quikr is close to acquiring a majority stake in realty portal <keyword id="6381425" type="UNKNOWN" weightage="80" keywordseo="COMMONFLOOR">CommonFloor</keyword> according to three people familiar with the ongoing negotiations, with the pay-out estimated to be worth about Rs 330 crore ($50 million) said one of the people. 
	 
	The potential deal between the two companies — which count New York-based investment firm Tiger Global Management as a common investor — is slated to close soon, with talks having begun nearly five months ago. 
	 
	"While the management of CommonFloor is looking for an external investor, and resisting the Quikr deal, investors have pushed for an acquisition which is now in the due diligence stage," said one source to ET. 
	 
	The contours of the deal, including whether CommonFloor will operate as a subsidiary of Quikr are still being worked out. 
	 
	Bengaluru-based CommonFloor has been in talks to raise fresh funding from financial investors for several months now. 
	 
	Founded in 2008 by Jain, Lalit Mangal and Vikas Malpani, the company has so far received over $60 million in venture funding and was valued at a little over $100 million in its last round of fund raising. 
	 Earlier this year Quikr, which is also backed by Swedish investment firm <keyword id="2026314" type="COMPANY" weightage="80" keywordseo="Kinnevik">Kinnevik</keyword>, looked at Soft-Bank-backed Housing.com for a potential acquisition, but people aware of the developments said the talks fell through as the two parties could not agree on a price. 
	 
	Bengaluru-based Quikr — founded in 2008 and now valued at about $ 900 million — is building various verticals across segments like automobiles, blue &amp; grey collar jobs in addition to realty. 
	 
	Image credit: Indiatimes

Quickr may buy a major stake in CommonFloor for a whopping Rs 330 crore

In a fresh round of funding led by <keyword id="2604975" type="UNKNOWN" weightage="20" keywordseo="Hillhouse-Capital">Hillhouse Capital</keyword> and <keyword id="2524284" type="COMPANY" weightage="20" keywordseo="Tybourne-Capital">Tybourne Capital</keyword>, auto classifieds website <keyword id="1945738" type="UNKNOWN" weightage="20" keywordseo="Cardekho">CarDekho</keyword>.com has raised $50 million (about Rs 307 crore). CarDekho’s existing investor Sequoia Capital, which currently has a 20% stake in the company, also participated in the funding process. 
 
The seven year-old company, which sells both used and new cars on its platform, has now joined the club of Indian consumer Internet companies valued at Rs 1,000 crore or more. 
 
"We will be using the proceeds primarily towards brand building and marketing. We will consider acquisitions as well, and have held talks with other start-ups that we feel can enhance our technology platform," said Amit Jain, co-founder and chief executive officer (CEO) at CarDekho. CarDekho’s chief competitors are Tiger Global, <keyword id="1980082" type="UNKNOWN" weightage="20" keywordseo="Cartrade">CarTrade</keyword>.com and <keyword id="817470" type="COMPANY" weightage="20" keywordseo="Carwale">Carwale</keyword>.com. It also faces competition from classifieds websites like OLX and eBay-backed Quikr. 
 
"Given the adoption of the Internet in India, especially through mobile, we're targeting revenue of Rs 500-600 crore, and a billion dollar valuation over the next four to five years," said Jain. 
 
A number of global hedge funds have been pumping cash into the country’s consumer Internet businesses for the last two years.

You Searched For "quikr acquisition" and got 7 results

SEBI to auction 66 properties of Saradha Group to recover investors' money

PTI

A year after Quikr acquisition, CommonFloor founders quit

Quikr now owns this real estate portal

BI India Bureau

Byju’s acquires yet another coding-for-kids startup, this time an American one

Kritti Bhalla

It’s Quikr vs everyone else in home services market!

BI India Bureau

Quickr may buy a major stake in CommonFloor for a whopping Rs 330 crore

BI India Bureau

CarDekho.com Raises Fresh Funds Worth Rs 307 Crore

BI India Bureau

Popular Keywords

Buying Guides