Online classifieds firm Quikr has acquired StayGlad, an online beauty services startup founded in 2015 and which had received funding from Delhi very founder Sahil Barua and Tracxn Labs. The deal size was not disclosed. This is Quikr's fifth acquisition in five months and three of these were in on-demand beauty services.
Quikr has been on an acquisition spree since May when it acquired beauty services player Salosa to ramp up its QuikrServices platform. It then branded the services as At HomeDiva in July . The company has since acquired beauty startup Zapluk, in August, and now StayGlad. AtHomeDiva currently offers on-demand, in-home beauty services across six cities, including Bengaluru, Delhi, Mumbai, Chennai, Gurugram and Hyderabad.
The Bengaluru-based Quikr, which is valued at $1.2 billion, also acquired hiring platform Hiree in July and vehicle maintenance startup Stepni early this month. In January, it had acquired real estate portal Commonfloor for $100 million.
PD Sundar, head of QuikrServices, said, "On-demand beauty is one of our fastest growing service categories. With well more than half of our consumers coming back to us with bigger ticket sizes, the demand is strong. We want to continue ensuring that we maintain the high standards of quality."
He said StayGlad had a high 70% customer repeat rate. StayGlad was founded by IIT-Kharagpur alumni Prateek Jain, Shashank Gupta and Kavish Desai.It offers more than 100 types of services. It does hundreds of orders every day at an average value of Rs 1,400 per transaction.
Courtesy : Techgig
Quikr has been on an acquisition spree since May when it acquired beauty services player Salosa to ramp up its QuikrServices platform. It then branded the services as At HomeDiva in July . The company has since acquired beauty startup Zapluk, in August, and now StayGlad. AtHomeDiva currently offers on-demand, in-home beauty services across six cities, including Bengaluru, Delhi, Mumbai, Chennai, Gurugram and Hyderabad.
The Bengaluru-based Quikr, which is valued at $1.2 billion, also acquired hiring platform Hiree in July and vehicle maintenance startup Stepni early this month. In January, it had acquired real estate portal Commonfloor for $100 million.
PD Sundar, head of QuikrServices, said, "On-demand beauty is one of our fastest growing service categories. With well more than half of our consumers coming back to us with bigger ticket sizes, the demand is strong. We want to continue ensuring that we maintain the high standards of quality."
He said StayGlad had a high 70% customer repeat rate. StayGlad was founded by IIT-Kharagpur alumni Prateek Jain, Shashank Gupta and Kavish Desai.It offers more than 100 types of services. It does hundreds of orders every day at an average value of Rs 1,400 per transaction.
Courtesy : Techgig
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