Now, one can managed rentals that involve no cash payments!

22 Nov 2016 CW Team

QuikrHomes has launched its cashless managed rentals solution with the acquisition of Grabhouse, India's leading digitally-driven home rental solutions provider. 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.

Talking about the acquisition, Atul Tewari, COO, Quikr, said, "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 such as C2C and bikes. On the cost side, the operational costs of the business will directly get shared with our services business.”
Grabhouse will continue operations as an independent brand for managed rental homes. As part of the overall integration process, its founders and entire team will move to the Quikr HQ.

Manish Sinha, Head, QuikrHomes, further added, “Grabhouse will provide a deeper solution for our large rental supply and demand flow across QuikrHomes and Commonfloor. This will help us expand our solutions portfolio while addressing the real estate industry’s need to shift to cashless payments.”

“Quikr has built a phenomenal ecosystem for all kinds of buyers and sellers. Through its multiple verticals, Quikr caters to a large target audience which opens for us a sea of potential consumers and property owners. At Grabhouse we’ve laid the foundation of a sound cashless business model for house rentals. We foresee massive business opportunity now, as joining forces with Quikr means scaling quickly to build not just a long term rentals brand but also enter other new territories,” said Prateek & Pankhuri, Founders, Grabhouse.

With its verticalisation strategy and pioneering technology-based innovations, Quikr has been growing both organically and inorganically. It has been steadily scaling each of its five verticals over the past couple of months and has also made other acquisitions to further accelerate its growth.

QuikrHomes has launched its cashless managed rentals solution with the acquisition of Grabhouse, India's leading digitally-driven home rental solutions provider. 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. Talking about the acquisition, Atul Tewari, COO, Quikr, said, "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 such as C2C and bikes. On the cost side, the operational costs of the business will directly get shared with our services business.” Grabhouse will continue operations as an independent brand for managed rental homes. As part of the overall integration process, its founders and entire team will move to the Quikr HQ. Manish Sinha, Head, QuikrHomes, further added, “Grabhouse will provide a deeper solution for our large rental supply and demand flow across QuikrHomes and Commonfloor. This will help us expand our solutions portfolio while addressing the real estate industry’s need to shift to cashless payments.” “Quikr has built a phenomenal ecosystem for all kinds of buyers and sellers. Through its multiple verticals, Quikr caters to a large target audience which opens for us a sea of potential consumers and property owners. At Grabhouse we’ve laid the foundation of a sound cashless business model for house rentals. We foresee massive business opportunity now, as joining forces with Quikr means scaling quickly to build not just a long term rentals brand but also enter other new territories,” said Prateek & Pankhuri, Founders, Grabhouse. With its verticalisation strategy and pioneering technology-based innovations, Quikr has been growing both organically and inorganically. It has been steadily scaling each of its five verticals over the past couple of months and has also made other acquisitions to further accelerate its growth.