Quikr India’s leading digital real estate company buys home rental start-up Grabhouse in an all-stock deal.
The two companies didn’t disclose the amount of deal but it is said to be $10 Million according to reports.
This strategic move will help the company address an acute pain point in India’s real estate market with a solution that does not involve any cash payments. As part of this, Quikr will integrate Grabhouse’s products and technology stack into QuikrHomes while also reaping strong synergies the business has with its other verticals.
Founded by Prateek Shukla and Pankhuri Shrivastava in July 2013, Grabhouse offers end-to-end digital solutions for the rental needs of both owners and tenants. The platform offers a managed rental homes model which comprises of a range of fully furnished, ready-to-move-in apartments across four major cities.