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2014-09-18

Quikr secures $60 million funding from Tiger Global, other investors

TThe current investors are Kinnevik, Matrix Partners India, Nokia Growth Partners, Norwest Venture Partners, Omidyar Network, Warburg Pincus and eBay Inc.

Quikr has raised $60 million funding from Tiger Global Management and other existing investors for business expansion, as per a PTI report.


The current investors are Kinnevik, Matrix Partners India, Nokia Growth Partners, Norwest Venture Partners, Omidyar Network, Warburg Pincus and eBay Inc.


"The explosive growth in mobile Internet is fundamentally reshaping the Indian classified Internet market, and we are well-positioned to be at the forefront of growth," Quikr founder and CEO Pranay Chulet said in a statement.


"Quikr has grown rapidly to become one of India's major classifieds players with a deep understanding of the local market. By leveraging the company's strengths as a local player, Quikr has seized a tremendous opportunity in a rapidly growing market," Tiger Global Management Partner Lee Fixel said.

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