Quikr to Acquire an E-commerce Company into Buying and Selling of Refurbished Products Zefo
Highlights
Quikr to acquire Zefo in an all-stock deal worth INR 200 crore.Financial statistics of Zefo from the year 2015-2018.Quikr is also pushing to create its own payments and logistics services for the used or second-hand products.
Quikr, a renowned Indian classified advertising platform said to be acquiring Zefo soon. Zefo is an Indian e-commerce platform for buying and selling refurbished or second-hand products.
It has been understood that Quikr is in advanced talks to acquire Sequoia-backed refurbished products marketplace Zefo for INR 200 crore in an all-stock deal.
After the acquisition of Zefo, supported by Sequoia Capital, Helion Venture Partners and others, will go on to operate independently. Zefo was incorporated on 2nd July 2015 by Arjit Gupta, Himesh Joshi, K...