e-commerce
Quikr acquires India Property Online Pvt Ltd
MUMBAI: Online classifieds platform Quikr has acquired India Property Online Pvt Ltd, a Chennai-based property website. The move is a part of Quikr’s strategy to strengthen its real estate transaction and classified business.
Quikr has earlier acquired a number of companies in real estate space, including Commonfloor, and HDFC's subsidiaries HDFC Realty, and HDFC Developers. The latter two were acquired last year in an all-stock deal for an estimated Rs 357 crore.
Real Estate contributed to 35 per cent of Quikr revenue in FY17-18 and is a profitable vertical for the company. The business is on track to again grow more than 100 per cent in FY18-19, the company reveals.
It also says that the company is now the largest transactional player in real estate with two growing models – a co-living business to offer shared rentals to millennials, and a brokerage business for home buying.
e-commerce
Flipkart cuts around 300 jobs in annual performance review
E-commerce giant trims ~1.5 per cent of workforce as IPO preparations continue.
MUMBAI: Flipkart just gave performance the pink slip because when the annual review bell rings, even the biggest cart sometimes needs to lighten its load. Flipkart has let go of approximately 300 employees as part of its annual performance management cycle, Moneycontrol reported on 7 March 2026, citing people familiar with the matter. The exits represent roughly 1.5 per cent of the company’s total workforce of around 20,000 people across its businesses.
The move follows Flipkart’s standard practice of asking employees placed in lower performance bands to leave during yearly reviews, a process the company has carried out periodically in recent years. A similar exercise in early 2024 saw around 1,000 employees (nearly 5 per cent of the workforce) exit.
The latest round comes amid Flipkart’s continued push for operational efficiency and cost discipline, mirroring broader trends across the Indian startup ecosystem where funding slowdowns have shifted focus toward profitability.
The development also arrives as Flipkart advances preparations for a potential domestic IPO. The company has held early discussions with investment banks including Goldman Sachs, Morgan Stanley, JP Morgan and Kotak Mahindra Capital to explore feasibility. Industry sources indicate a possible listing timeline of late 2026 or early 2027, though the final size and schedule remain undecided.
In December 2025, Flipkart received National Company Law Tribunal approval to shift its holding company domicile from Singapore back to India. a key regulatory step that simplifies the group structure ahead of a public market debut.
Controlled by Walmart, Flipkart remains one of India’s largest e-commerce platforms, locked in fierce competition with Amazon. In a market where every rupee counts and every headcount is scrutinised, the latest cuts aren’t just housekeeping, they’re part of a bigger balancing act between growth ambitions and the road to listing.
