Roundup: Quikr acquires IndiaProperty, Suvidhaa invests in Infibeam

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If people are asked the question, what is a conversation; they would answer that when two people are talking, it is called a conversation. While there is not too much wrong about the definitive answer,
 Quikr has sought to grow through acquisitions since 2015 and has acquired 14 companies so far across categories. Quikr’s real estate segment is the highest revenue generator across its five verticals and contributed 35% of total revenue in 2017-18.
The new ecommerce policy is likely to propose restrictions for differential and predatory pricing strategies such as deep discounts used by e-commerce firms — a measure that seeks to protect offline retailers.
Some estimates put the total number of online pharmacies at 250, with at least 50-60 of them termed as ‘large players.’ Prashant Tandon, CEO, 1mg said the industry is currently valued at about “?1500 crore, and growing.” The country’s overall drugs and medicines retail market, incidentally, is valued at over ?1.3 lakh crore annually.

Both companies are planning to develop an omni-channel marketplace, whereby Infibeam.com will be connected to Suvidhaa’s vast network of 91,000 outlets under 4,500 pin codes.

As part of the agreement, Suvidhaa will acquire 5% stake at Rs 25 crore, valuing Infibeam.com at Rs 500 crore

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