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Quikr, the online classified firm has acquired home rental startup Grabhouse in an all-stock deal which is aimed at strengthening its realty vertical.
The financial details of the transaction has not been disclosed by the company.
Atul Tewari, COO of Quikr has said that “The managed rentals model brings convenience to consumers while eliminating cash from property rentals. Our business here will benefit from unique competitive advantages as the Grabhouse target market has a great match with many of our other businesses.”
