OLX’s India rival Quikr acquires refurbished products startup Zefo to boost pre-owned goods business
Online classifieds platform Quikr today announced its first acquisition deal in the refurbished goods category with used goods marketplace Zefo to boost its pre-owned goods business -- Quikr Assured launched last year. Quikr competes with OLX India in the online classifieds category.
- OLX's India rival Quikr acquires refurbished products startup Zefo to boost pre-owned goods business
- The company battles for the top spot with global player OLX in India's online classifieds market that is expected to be worth .2 billion by 2020 as per a Google and KPMG report.
- The market for pre-owned products in India is likely to hit $12-15-billion target in the year 2020, said Quikr.