Noida-based neighbourhood classified ad portal Clickindia has acquired Delhi-based Peer to Peer sharing platform for goods and services Sharingdais for an undisclosed amount. According to the founder of Sharingdais, Varun Singh Bothiyal, the deal is a combination of cash and equity.
Post acquisition, Varun will be joining Clickindia as the Product head.
Sharingdais is a Delhi-based startup which was founded in 2014 by Varun Singh Bothiyal along with his friends from IIM Indore. It is a peer-to-peer sharing platform for goods and services. The platform aims to build a complete ecosystem of sharing economy allowing individuals to leverage benefits from underutilized resources or skills one possess. The startup has 6000+ users, 3500+ shared resources and have made 1000+ transactions uptil now.
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With this acquisition, Clickindia plans to integrate Sharindais’s product into its platform to offer its customers a much more customize and enhance user experience over the next couple of months. For eg; If a customer wants to read one particular book, he can search on the Clickindia portal for the book if anyone has put up for rental.
Speaking on the acquisition, Varun Singh Bothiyal, Co-Founder & CEO at Sharingdais.com said “ Both the companies share similar vision of Connecting Neighborhood, and now we intend to incorporate the concept of sharing economy to existing buying and selling platform. The idea of Sharing Economy is to share underutilized assets from skills to any resource for monetary or non-monetary benefits.”
Clickindia is an online classified site that gives an opportunity to buy or sell, to rent, to exchange and to interact for common or complementary interests within or across local communities in India. It was founded in 2007 by Sushan Rungta and Pankaj Agarwal and currently has more than 4 million monthly users on its website. “There is a lot that can be done in ever growing classified industry. We are happy to take this strategic decision and equally excited to work with young entrepreneur,” added Pankaj Agarwal.