Quikr Attracts $ 32M Private Equity Investment

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[Techtaffy Newsdesk]

Quikr’s parent company, Quikr Mauritius Holding Private Limited,  has attracted an investment of $32 million led by Warburg Pincus. Existing investors Matrix Partners India, Norwest Venture Partners and eBay also participated in this round of fund raising.

Quikr is an Internet and mobile based classifieds company in India. Quikr’s horizontal classifieds platform has 17 million unique individuals and small businesses using it across 83 cities every month. These individuals and businesses access Quikr to sell, buy, rent or find products and services in a variety of categories such as electronics, cars, bikes, real estate, services, jobs, education and entertainment. Existing investors include Nokia Growth Partners and Omidyar Network, along with Matrix Partners India, Norwest Venture Partners and eBay. Quikr was launched in July 2008

Quikr is a wholly-owned subsidiary of Quikr Mauritius Holding Private Limited, which is backed by Matrix Partners India, Omidyar Network, Norwest Venture Partners, Nokia Growth Partners, Warburg Pincus and eBay.