Quikr raises $ 90 Million from Kinnevik, a Swedish Investment firm

CoolAvenues Newswire | March 13,2014 02:19 pm IST

Quikr is raising its 6th round of investment at a valuation of $ 250 Million. The company has raised $ 140 Million so far.

The investment is led by the Swedish private equity fund, Kinnevik. The existing investors including Warbug Pincus, Norwest Venture Partners, Matrix Partners, eBay and Nokia Growth Partners have invested in this round.

Quikr started in 2008 by Pranay Chulet an IIT-Delhi and IIM Kolkatta alumnus is the largest online and mobile classified portal in India. Quikr 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.

Quikr claims to have 18 Million consumers every month and covers 160 categories across 86 cities in India. Half of the company’s revenues are from premium listing as well as lead generation of businesses according to media reports. The company has recently launched a pricing guide of pre-owned goods to help the users to value their products and services.



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