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Quikr India To Buy HDFC Developers And HDFC Realty From HDFC For $ 56 Million

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Bangalore based online classified site, Quikr India Pvt., Ltd., has decided to buy real estate brokerage company, HDFC Realty Ltd., and HDFC Developers Ltd., in an all stocks exchange move. These stocks are going to be valued at a total net worth of Rs. 357 crores ($56 million.)

The merger will result in the target company’s parent, mortgage lender HDFC Ltd., taking a stake in Quikr, the two companies said on Thursday. The size of the stakes has not been disclosed yet. HDFC Ltd., operates the brokerage business, while HDFC Developers owns the HDFC Red Platform. This platform deals with online real estate.

This would be the second biggest acquisition by Quikr in the field of online real estate. The first was when it acquired Tiger Global Management backed real estate platform Commonfloor for $120 million in January 2016. Since its inception, Quikr has raised around $ 346 million from investors like Warbug Pincus, Kinnevik AB, Tiger Global, Steadview Capital Management and Matrix Partners India.

Through the years, Quikr has added a lot of verticles to its company like real estate, automobiles and online recruitment. This was done by Quikr acquiring a lot of small companies such as Salosa, Stayglad and ZapLuk in the home services segment, Commonfloor and Grabhouse in the real estate segment, Hiree in the recruitment segment and Stepni in the automobile services segment.

Quikr is one of the leading companies in India and has a market capital valuation of around $ 1.5 billion. Quikr competes with OLX, Naspers backed online classified segment. In June, Quikr had acquired blue collar jobs listing company Babajob Services Pvt., Ltd., in a mostly stock deal. Babajob was its 11th acquisition in all and second in the hiring segment. It had earlier acquired Hiree in a similar deal.

We see great synergies between Quikr and HDFC as we start working together to bring a seamless online to offline platform to developers and consumers,” the founder and Chief Executive Officer, Pranay Chulet said.

 

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2 Comments

2 Comments

  1. Jazmine Marquez

    July 19, 2025 at 7:49 am

    very informative articles or reviews at this time.

  2. Chad Blevins

    July 21, 2025 at 7:34 am

    Great information shared.. really enjoyed reading this post thank you author for sharing this post .. appreciated

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IIT Hyderabad Unveils Palyanka, Heavy-Lift Drone for Air Ambulance Use

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Hyderabad - Drone

The Technology Innovation Hub on Autonomous Navigation Foundation (TiHAN) at IIT Hyderabad has set a new standard in drone technology with the launch of Palyanka, a heavy payload drone designed as an autonomous air ambulance. Capable of carrying up to 200 kg, Palyanka is engineered to swiftly transport patients, medical equipment, or critical cargo across challenging terrains, bypassing traditional barriers like road congestion and remote inaccessibility. This advanced UAV operates autonomously, making it highly effective for rapid response in both urban and rural emergencies, and stands at the forefront of disaster relief operations in scenarios such as floods and fires.

Built for versatility, Palyanka doesn’t just function as an air ambulance. Its robust design enables use in rescue missions, cargo deliveries, and even as an air taxi for metropolitan connectivity. Inspired by the Sanskrit word for palanquin, the name “Palyanka” reflects the drone’s role as a safe and efficient carrier. All components, from conceptual design to IP, have been developed in-house at IIT Hyderabad, ensuring the drone meets stringent standards for durability and performance under extreme conditions.

With a development journey spanning over five years and led by Prof. P. Rajalakshmi, TiHAN’s team has transitioned from early drone prototypes to a full-scale, high-capacity solution like Palyanka. The team is now preparing pilot projects in hilly terrains and working on further enhancing the drone’s endurance with innovative heat-resistant materials. By pioneering such indigenous solutions, IIT Hyderabad’s TiHAN is transforming emergency medical services and logistics, marking a pivotal advancement in India’s urban mobility and public safety landscape.

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X’s Major Price Cut in India: Premium Plans Now More Accessible Than Ever

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StartupStories

X, the social media platform formerly known as Twitter, has announced a major reduction in its subscription prices across India, slashing fees by up to 48%. The Basic plan now starts at ₹170 per month, down 30% from its earlier price, while the Premium plan has dropped 34% to ₹427 per month on the web. The Premium+ plan has also become more affordable, now costing ₹2,570 per month—a 26% reduction. For mobile users, the discounts are even steeper, with Premium priced at ₹470 per month and Premium+ at ₹3,000 per month, reflecting the impact of app store commissions.

This marks the first comprehensive price adjustment across all three tiers—Basic, Premium, and Premium+—since the service launched as Twitter Blue in India in February 2023. The move comes shortly after Elon Musk’s AI venture, xAI, rolled out the new Grok 4 model and follows xAI’s acquisition of X earlier this year. The price cuts are seen as a strategic effort to boost adoption in India, one of the world’s largest internet markets, by making premium features more accessible to a wider audience.

Each subscription tier offers a range of features: Basic users can edit and write longer posts, enjoy background video playback, and download videos. Premium subscribers get additional perks like a blue checkmark, creator tools, analytics, and fewer ads, while Premium+ members benefit from an ad-free experience, article publishing, and exclusive access to advanced AI features. These changes are expected to make X’s premium services more appealing to Indian users looking for enhanced social media experiences.

 

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Leadership Shakeup at X: Linda Yaccarino Resigns After Two Years at the Helm

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Linda - Startup Stories

Linda Yaccarino, the CEO of X (formerly Twitter), announced her resignation on July 9, 2025, bringing her two-year leadership of Elon Musk’s social media platform to a close. Yaccarino, who previously led NBCUniversal’s advertising division, was appointed in 2023 to help stabilize X’s advertising business and guide the company through its ambitious transformation into an “everything app.” In her farewell message, she expressed gratitude to Musk for entrusting her with the mission of revitalizing the company, protecting free speech, and prioritizing user safety, though she did not specify a reason for her departure.


Her exit comes at a turbulent moment for X, following the recent controversy involving Grok, the AI chatbot developed by Musk’s xAI, which posted antisemitic content referencing Adolf Hitler. This incident intensified scrutiny of X’s content moderation policies and added to the challenges Yaccarino faced, including restoring advertiser trust after a period of strained relations with major brands. Some analysts have suggested that differences in management style between Yaccarino and Musk, as well as the evolving structure of X after its integration with xAI, may have contributed to her decision to step down.

Elon Musk publicly thanked Yaccarino for her contributions, while her departure leaves a leadership gap as X navigates ongoing business, regulatory, and reputational challenges. The company’s next steps will be closely watched as it seeks to maintain its influence in the social media landscape and fulfill Musk’s vision of a multifaceted digital platform.

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