Quikr raises $60 Million from Tiger Global and others

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Quikr raises $ 60 Million from Tiger Global and others

CoolAvenues Newswire | September 18,2014 09:44 pm IST

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Quikr an online and mobile classified platform has raised Series F round of investment from Tiger Global and existing investors including Investment AB Kinnevik, besides Matrix Partners India, Nokia Growth Partners, Norwest Venture Partners, Omidyar Network, Warburg Pincus and eBay Inc..

Quikr will use the funds towards product development and further expansion of its mobile business.

This is the second time the company is raising funds in 2014. The company has raised $ 200 Million till date. For detailed funding rounds Click Here.

Quikr, started as Kijiji India in 2008 by Pranay Chulet, Jiby Thomas, is a community based trading marketplace. Members can buy, sell, rent anything ranging from apartments, vehicles, gadgets like mobiles, music system, bikes or promote business, events or find classes, or even buy puppies.

The company has 5 lakh small merchants and 30 million consumers using the platform.

Concluded.

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