1. QuikrCars acquires Stepni, adds vehicle maintenance services

QuikrCars acquires Stepni, adds vehicle maintenance services

Online classifieds platform Quikr on Wednesday said it has acquired Stepni, a platform that connects vehicle owners with neighbourhood service providers, for an undisclosed amount.

By: | New Delhi | Published: September 7, 2016 6:52 PM
quikr new logo The move strengthens Quikr’s service offerings under QuikrCars and also opens cross-selling opportunities for QuikrServices, it said in a statement.
Stepni’s founders and team will join QuikrCars with immediate effect, it added.

Online classifieds platform Quikr today said it has acquired Stepni, a platform that connects vehicle owners with neighbourhood service providers, for an undisclosed amount.

The move strengthens Quikr’s service offerings under QuikrCars and also opens cross-selling opportunities for QuikrServices, it said in a statement.
Stepni’s founders and team will join QuikrCars with immediate effect, it added.

Since last year, Quikr made several acquisitions. QuikrHomes acquired Realty Exchange (IRX), Realtycompass and CommonFloor and made a strategic investment in A N Virtual Tech.

Under QuikrServices, it acquired beauty services companies Salosa and Zapluk, while QuikrJobs acquired Hiree to expand into white collar jobs.

Founded by Vinay Singh and Nikhil Nair in October 2015, Stepni has helped consumers with their vehicle servicing needs in Bengaluru through a partner network of over 125 service centres across the city.

“Stepni’s business model will now allow us to develop a longer term relationship with car owners as opposed to only at the point of buying-selling. We plan to scale vehicle maintenance services to all major cities over the next three months,” Atul Tewari, QuikrCars Head and COO at Quikr, said.

The overall platform integration will help QuikrCars consumers shortlist service providers within 5 kms of their location.

“Teaming up with Quikr will help to scale the platform seamlessly across multiple cities,” Stepni co-founder Vinay Singh said.

QuikrCars has over 1.5 million vehicles listed on its platform across India. It also offers RTO assistance and a localised discovery module.

Quikr’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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