This acquisition is part of the online classifieds firm’s plan to invest US$37.5 million in its home services vertical QuikrServices
This strategic acquisition is part of the company’s plan to invest INR 250 crore (US$37.5 million) in its home services vertical QuikrServices.
QuikrServices has 250,000 service providers offering over 80 types of services for consumers and is being used by 100,000 customers every day.
Salosa, which has been a partner to QuikrServices, will strengthen its beauty services offerings with stylists that have undergone a rigorous process of quality and background checks along with required training.
Founded in September 2015 by former P&G professionals Piyush Dhanuka and Anurag Nair, Salosa was started off as a marketplace for freelance beauticians and stylists before shifting to a full- stack model with an in-house team. The startup currently serves customers in Gurgaon and parts of Delhi. Salosa.
PD Sundar, Head of QuikrServices, said, “Beauty services market is close to US$5 billion in India and is growing which is evident from the increasing number of requests we see from Tier-I and Tier-II cities on our platform. On-demand beauty services is an important sub-category and Salosa will help bring very real benefits to our consumers who get easier access to reliable beauty experts.”
Quikr is a leading classifieds platform that allows consumers as well as small businesses to sell, buy, rent and find things across its multiple categories. The company has operations in 1,000 cities in India and operates several large classifieds businesses across C2C, cars, education, homes, jobs and services. It claims its platform is used by over 30 million users a month.
The company’s investors include Tiger Global Management, Kinnevik, Warburg Pincus, Matrix Partners India, Norwest Venture Partners, Nokia Growth Partners, Steadview Capital, Omidyar Network, and eBay Inc.
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