Quikr buys home rental startup Grabhouse in all-stock deal

Bengaluru-based classified advertising platform Quikr on Monday acquired home rental startup Grabhouse in an all-stock deal reportedly worth ₹68 crore ($10 million). As it struggled to grow, Sequoia Capital and Kalaari Capital-backed Grabhouse was looking for a buyer and was in talks with NestAway and Oyo for buyout. In December 2015, Grabhouse fired 100 employees following a restructuring.