QUIKR RAISES Rs.900 Crores - What is it going to do?

QUIKR RAISES Rs.900 Crores - What is it going to do?

READ: Quikr Revenue Model

India's biggest online classified portal QUIKR.com had raised Rs.900 crores ($150mn) in a Series H round of funding from returning investors Tiger Global and Investment AB Kinnevik, as well as Steadview Capital. Quikr is aiming to be leader in this space and might use these funds for acquisitions and strategic investments. Quikr has raised maximum capital among classifieds competitors and will lead M&A going forward.

What will QUIKR do with these rasied funds?
Quikr to use  these funds to enhance its mobile business and expand its most active categories, including cars, real estate, jobs, and services. Plans to release more products/services from Quikr mothership brand.

Funds Raised till April 2015 [8 rounds]
$350 million

Quikr apart from other classified ads sites has a messaging feature called QuikrNXT that is available in its apps and site

Quikr Numbers
  • 80 percent of Quikr’s business comes from its mobile apps
  • 30 million monthly users
  • Service used in 1,000 cities across India.
  • Facilitating sales work $4 bn every month
Quikr Valuation
$900 million [Rs 4,400-5,000 crore]

Investors who Funded Quikr till now:
Omidyar Network
AB Kinnevik
Norwest Venture Partners
Nokia Growth Partners
Tiger Global Management
Warburg Pincus and Kinnevik
Steadview Capital

Competitors to Quikr in India:

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#quikr #classifieds, #olx, #funding #tigerfunds #quikrnxt


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