Quikr reported a 55 per cent increase in its revenue to Rs 637.9 million in the year that ended March 2017, as it moved away from being a horizontal player in the online classifieds space to focus more on vertical-specific listings such as real estate, jobs, and cars.
The Tiger Global-backed Quikr had acquired six startups — Salosa, Zapluk, StayGlad, Stepni, Hireee and Grabhouse — in fiscal 2017 and it is not clear the the growth in revenue was organic or came in through the acquisitions of small firms.
Quikr, which shifted base from Mumbai to Bengaluru, had reported a