Startups like Quickr move headquarters from Mumbai to Bengaluru to grow quicker

MUMBAI: Classifieds portal Quikr is moving its headquarters to Bengaluru from Mumbai to hasten the expansion of its technology team, becoming the latest in a line of companies that have migrated from the financial capital to the tech and startup hub. “We want to double our technology and product team. It would have probably taken us 18-24 months in Mumbai, but in Bengaluru we should be able to grow quicker,” said Pranay Chulet, founder and CEO of Quikr.

The six-year-old company, which competes with OLX in India, will make the transition over the next six months. It will, however, continue to keep 600 of its 800 Mumbai employees in the city. At its office in Bengaluru, Quikr plans to ramp up staff strength to 600 from 150 at present, with a bulk of fresh hires in the technology team.“We are hungry for growth and its hard find technology professionals in Mumbai,” said Chulet, an IIT and IIM alumnus.