When cross-category classifieds company Quikr announced the acquisition of home services startup Zimmber earlier this month, it marked the firm’s eleventh buyout in less than two-and-a-half years.
Prudent strategy?
“It allows fast entry into a market without having to spend time, money and effort,” said Sanchit Vir Gogia, Chief Analyst and CEO at Greyhound Research.
Valuation vs value-add
But Gogia feels most investors do not overlook the ground reality anymore. “While investors definitely give a lot of importance to numbers, they are also equally concerned about growth possibility in the long term and the ultimate business model the company wants to have,” he says.
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Analyst:
Sanchit Vir Gogia: Sanchit is the Chief Futurist, Founder & CEO of Greyhound Knowledge Group, a Global Strategy & Transformation Research, Advisory & Consulting Group. He also serves as Chief Analyst & CEO of Greyhound Research, a Global, Award-Winning, Independent Technology & Innovation Research, Advisory & Consulting firm. To read more about him, click here.
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