Justice Mukta Gupta, in two separate interim orders, said RIL and Reliance Jio Infocomm Ltd have made out a prima facie case in their favour and in case no ad-interim injunction is granted they would suffer an irreparable loss and balance of convenience also lies in their favour.
Quikr has acquired many companies in real estate space, including Commonfloor and HDFC's subsidiaries HDFC Realty and HDFC Developers.
The investment comes at a time when the company is looking to raise $150 million from venture capital firms.
Quikr claims to get over 30 million unique users a month. It operates several classifieds businesses across C2C, cars, education, homes, jobs and services.
With 30 million monthly users, Quikr is India's largest classifieds platform with a valuation of over Rs 10,000 crore.
"Around 45 per cent of prospective buyers are looking to purchase homes in first quarter of 2018 following the great confidence boost RERA has given them. This is a positive outlook for real estate," he told PTI at an event organised by the company here.
Facebook Marketplace is a service similar to Quikr and OLX active in 25 countries. It provides a platform to buyers and sellers to connect directly, free of charge
The company in the last few months has acquired classifieds startups such as Babajob, Commonfloor, Grabhouse, Stayglad, Zapluk, Salosa and Zimmber
Post the acquisition, co-founders Amit Kumar and Gaurav Shrivastava will continue to be a part of the company management.
While the deal size is estimated to be around Rs 350-Rs 400 crore, the equity deal will fetch HDFC more money.
Ever since the government in a surprise move froze the circulation of Rs 500 and Rs 1000 currency notes last week, long waiting lines have become the norm outside ATMs. To be fair, the government has announced a raft of measures intended to ease the pain for the common man.
Acquisition of Stepni, a platform that connects vehicle owners with service providers, is aimed at strengthening Quikr‘s offerings under its automobiles vertical QuikrCars.
Under its services vertical, QuikrServices, Quikr will now offer a full range of on-demand home beauty services to consumers in multiple cities including Bengaluru, Delhi, Mumbai, Chennai, Gurgaon and Hyderabad, the company said.
CNBC-TV18's Young Turks Startup Tracker brings you a daily roundup of events in the startup space.
Hiree will be merged with QuikrJobs and will operate out of Quikr headquarters, the company said in a statement.
Becomes a full-scale recruitment platform that plays across blue and white collar market segments
QuikrJobs, the platform that focuses on blue collar, grey collar and entry ...
QuikrHomes, India’s largest real estate platform and the real ...
The Director General of Foreign Trade (DGFT) had recently come out with a notification saying import of commercial dogs for breeding or any other commercial activity is not permitted in the country.
To facilitate on demand handyman services like plumbing, electrical and ...
With pure-play B2C success under its belt, EasyFix -- India’s pioneering maintenance and repairs service provider – is set to dominate a ...
The labour ministry inked eight memorandums of understanding (MoUs) with start-ups and job employment portals to work on providing a transparent and credible platform aimed at saving both employers and job seekers from fraudulent practices.
Uber's chief advisor, David Plouffe says the memorandum of understanding (MoU) signed with the Indian government will result in organised employment in the country.