QuikrCars, has acquired Stepni- a platform that connects vehicle owners with service providers nearest to them. This is being considered a move to strengthen the company’s service offerings under its vertical that focuses on all types of automobiles including cars, bikes and commercial vehicles. It also opens cross-selling opportunities for QuikrServices. The total transaction values has not been disclosed yet.
Stepni was founded by IIM grads Vinay Singh and Nikhil Nair in October 2015. The company has helped consumers with their vehicle servicing needs in Bangalore through a partner network of over 125 service centers across the city.
In a statement, the head of QuikrCars and COO Quikr, Atul Tewari said-
“Stepni’s business model will allow us to develop a longer term relationship with car owners as opposed to only at the point of buying-selling. We plan to scale vehicle maintenance services to all major cities over the next three months.”
Stepni’s founders and team will join QuikrCars with immediate effect. Vinay Singh, co-Founder, Stepni, said in a statement:
“We look forward to combining our experience in the vehicle maintenance domain with Quikr’s scale and reach to make vehicle services convenient and affordable for all.”